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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Bank Reconciliation
Due to an addition error, Jeremy overstated the total of cash banked by $900.
what is the correct entry to correct this error?
It depends where the addition error occurred, but if no other information then:
Dr Petty cash (or cash in hand)
Cr Cash at bank
However I think maybe there was more information in the question because you have headed up your post ‘bank reconciliation’ and what you have typed is not a bank reconciliation question.
