The following five items are usually considered to be part of the bank reconciliation process:
1. Outstanding cheques
2. Deposits in transit
3. NSF Cheques
4. Bank collection of notes receivable on company's behalf
5. Service charge
Instructions
Classify each item as (1) an addition to the book balance; (2) an addition to the bank balance; (3) a subtraction from the book balance; or (4) a subtraction from the bank balance.

Question

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The Answer of The following five items are usually considered to be part of the bank reconciliation process:
1. Outstanding cheques
2. Deposits in transit
3. NSF Cheques
4. Bank collection of notes receivable on company's behalf
5. Service charge
Instructions
Classify each item as (1) an addition to the book balance; (2) an addition to the bank balance; (3) a subtraction from the book balance; or (4) a subtraction from the bank balance.

The Following Five Items Are Usually Considered to Be Part