Bank charges are deducted from the ending bank balance in the general ledger when preparing the bank reconciliation.

Name: Bank charges are deducted from the ending bank balance in the general ledger when preparing the bank reconciliation.
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Bank charges such as monthly fees or overdraft charges are deducted from the ending bank balance when preparing the bank reconciliation to reconcile the bank statement balance with the general ledger balance.

Bank Charges Are Deducted from the Ending Bank Balance in the General