A bank service charge appears on a bank reconciliation as a(n):
A)addition to the book balance.
B)addition to the bank balance.
C)deduction from the book balance.
D)deduction from the bank balance.

Question

Quizplus · Accepted Answer

Bank service charges are expenses charged by the bank for its services and are deducted from the company's book balance, as they reduce the company's available funds but are not reflected in the bank's records until the company adjusts its books.

A Bank Service Charge Appears on a Bank Reconciliation as A(n)