Which of the following would be subtracted from the balance per books on a bank reconciliation?
A) outstanding checks
B) deposits in transit
C) notes collected by the bank
D) error by the company in recording a check for $732 as $723

Question

Quizplus · Accepted Answer

Errors made by the company in recording transactions need to be adjusted in the company's books. In this case, recording a check for a wrong amount would be corrected by adjusting the balance per books on a bank reconciliation. Outstanding checks and deposits in transit are adjustments on the bank side, and notes collected by the bank would be added to the balance per books.

Which of the Following Would Be Subtracted from the Balance