Indicate what effect each situation will have on the bank reconciliation process. Place the number of your choice beside the items listed.
1. Add to bank balance
2. Deduct from bank balance
3. Add to chequebook balance
4. Deduct from chequebook balance
________ a. Deposit in transit
________ b. Bank service charge
________ c. NSF cheque
________ d. Cheque written for $98 recorded as $89
________ e. Outstanding cheques
________ f. Cheque written for $50 recorded as $500
________ g. Cheque printing charges
________ h. Interest earned on chequing account

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The Answer of Indicate what effect each situation will have on the bank reconciliation process. Place the number of your choice beside the items listed.
1. Add to bank balance
2. Deduct from bank balance
3. Add to chequebook balance
4. Deduct from chequebook balance
________ a. Deposit in transit
________ b. Bank service charge
________ c. NSF cheque
________ d. Cheque written for $98 recorded as $89
________ e. Outstanding cheques
________ f. Cheque written for $50 recorded as $500
________ g. Cheque printing charges
________ h. Interest earned on chequing account

Indicate What Effect Each Situation Will Have on the Bank