A business is reconciling its bank accounts. Indicate whether each of the following items would be added to (+), subtracted from (-), or have no effect on (0) the business' cash balance and the bank balance in determining the reconciled cash balance.
$$\begin{array} { | l | c | c | }
\hline & \begin{array} { c }
\text { Business } \
\text { Cash Balance }
\end{array} & \begin{array} { c }
\text { Bank } \
\text { Balance }
\end{array} \
\hline \text { Deposits in transit } & & \
\hline \text { Charges made directly by the bank } & & \
\hline \text { The business' over-recording of a cheque that it wrote } & & \
\hline \text { Outstanding cheques } & & \
\hline \text { Deposits made directly by the bank } & & \
\hline \text { The bank's over-recording of a deposit } & & \
\hline
\end{array}$$

Question

A business is reconciling its bank accounts. Indicate whether each of the following items would be added to (+), subtracted from (-), or have no effect on (0) the business' cash balance and the bank balance in determining the reconciled cash balance.
 $$\begin{array} { | l | c | c | } 
\hline & \begin{array} { c } 
\text { Business } \
\text { Cash Balance }
\end{array} & \begin{array} { c } 
\text { Bank } \
\text { Balance }
\end{array} \
\hline \text { Deposits in transit } & & \
\hline \text { Charges made directly by the bank } & & \
\hline \text { The business' over-recording of a cheque that it wrote } & & \
\hline \text { Outstanding cheques } & & \
\hline \text { Deposits made directly by the bank } & & \
\hline \text { The bank's over-recording of a deposit } & & \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of A business is reconciling its bank accounts. Indicate whether each of the following items would be added to (+), subtracted from (-), or have no effect on (0) the business' cash balance and the bank balance in determining the reconciled cash balance.
 $$\begin{array} { | l | c | c | } 
\hline & \begin{array} { c } 
\text { Business } \
\text { Cash Balance }
\end{array} & \begin{array} { c } 
\text { Bank } \
\text { Balance }
\end{array} \
\hline \text { Deposits in transit } & & \
\hline \text { Charges made directly by the bank } & & \
\hline \text { The business' over-recording of a cheque that it wrote } & & \
\hline \text { Outstanding cheques } & & \
\hline \text { Deposits made directly by the bank } & & \
\hline \text { The bank's over-recording of a deposit } & & \
\hline
\end{array}$$

A Business Is Reconciling Its Bank Accounts