The book side of a bank reconciliation includes:
A)deposits in transit,bank collections and NSF checks.
B)NSF checks,bank collections of notes receivable and interest earned on the checking account.
C)outstanding checks and deposits in transit.
D)outstanding checks,NSF checks and cost of printed checks.

Question

Quizplus · Accepted Answer

The book side of a bank reconciliation adjusts the company's books to reflect items that affect the bank balance but have not yet been recorded in the company's records. NSF (Non-Sufficient Funds) checks, bank collections of notes receivable, and interest earned on the checking account are all examples of items that would be recorded on the book side, as they are transactions that the bank knows about and has processed, but the company has not yet recorded in its own books.

The Book Side of a Bank Reconciliation Includes