Which of the following will required the cash on the books of the company to be adjusted?
A)Outstanding checks
B)Deposits in transit
C)Bank errors
D)Bank Service Charges

Question

Quizplus · Accepted Answer

Bank service charges are expenses charged by the bank to the company's account. These charges reduce the cash balance in the company's books, requiring an adjustment to reflect the accurate cash balance. Outstanding checks, deposits in transit, and bank errors affect the bank statement balance rather than the company's book balance directly.

Which of the Following Will Required the Cash on the Books