Which of the following would be subtracted from the balance per bank on a bank reconciliation?
A) outstanding checks
B) deposits in transit
C) notes collected by the bank
D) service charges

Question

Quizplus · Accepted Answer

Outstanding checks are subtracted from the balance per bank in a bank reconciliation because they have been recorded by the company but not yet cleared or deducted from the bank's balance.

Which of the Following Would Be Subtracted from the Balance