The current month's bank statement for your account arrives in the mail.  In reviewing the statement you notice a deposit listed for $400 that you did not make.  It has credited in error to your account.  Discuss whether you have an ethical or legal obligation to the error.  What action should you take?

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Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.