A bank service charge should be a(n)________ on a bank reconciliation.
A)addition to the bank balance
B)deduction from the bank balance
C)addition to the book balance
D)deduction from the book balance

Question

Quizplus · Accepted Answer

The book balance is adjusted since the company may not yet know about this item.Think about what the bank did when it processed the item.The bank service charge must be deducted from the book balance.

A Bank Service Charge Should Be A(n)________ on a Bank