Which of the following is an appropriate reconciling item to the balance per bank in abank reconciliation?

Question

Quizplus · Accepted Answer

A deposit in transit is an item that has been received by the company but has not yet been recorded by the bank. Therefore, it is necessary to add it to the balance per bank in the bank reconciliation to reconcile the difference between the company's records and the bank's records. Bank service charge, bank interest, and chargeback for NSF check are not reconciling items as they are already reflected in the bank statement and need to be adjusted in the company's records. Bank service charge and bank interest will decrease the balance per bank, while chargeback for NSF check will decrease the balance per book.

Which of the Following Is an Appropriate Reconciling Item to the Balance