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Essay Details:
Essay text:
The company recorded a deposit as 350 that was actually 530. This error is on behalf of the company. The company will debit the correct amount. (An addition to the balance per company)
3. The payment of 250 was written down as 25 on the deposit slip. Bank caught error and recorded right amount. The error was on the behalf of the company. The company will debit the correct amount of 250. (An addition to the balance per company)
4. The bank cleared a check for the amount of 255 as 225. This error was made on behalf of the bank. The bank will credit the correct amount. (A deduction to the balance per bank)
5...
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