General
Correction of Bank Deposit Error
Adjusting the books when the bank incorrectly recorded a $1,000 deposit as $100.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash in Bank | Asset (+) | 900.00 | - |
| Accounts Receivable / Suspense | Asset (-) | - | 900.00 |
💡 Accountant's Note
Found during bank reconciliation. You must increase the book balance to match the actual cash while the bank processes the correction.
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QA
Expert Analysis by Qusai Ahmad
General Accountant Supervisor & IFRS Specialist
Specialized in SAP GUI automation and Middle Eastern tax compliance. Building digital tools for the next generation of finance leaders.