When reconciling a bank account, an unrecorded bank service charge is:
A) added to the bank statement balance
B) subtracted from the bank statement balance
C) added to the checkbook balance
D) subtracted from the checkbook balance

Question

Quizplus · Accepted Answer

Unrecorded bank service charges are subtracted from the checkbook balance because they represent amounts that the bank has deducted but the company has not yet accounted for in its own records.

When Reconciling a Bank Account, an Unrecorded Bank Service Charge