To arrive at an accurate balance on a bank reconciliation statement, a service charge should be:

Name: To arrive at an accurate balance on a bank reconciliation statement, a service charge should be:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Service charges, which are fees charged by the bank, are not initially recorded in the company's book balance. Therefore, to reconcile the bank statement with the company's records, these charges need to be deducted from the book balance to reflect the actual available cash.

To Arrive at an Accurate Balance on a Bank Reconciliation