Which of the following items are both reconciling items on the book side of the reconciliation?
A) Outstanding checks and correction of book error
B) Deposit in transit and NSF check
C) Bank service charge and outstanding checks
D) Bank service charge and correction of book error

Question

Quizplus · Accepted Answer

Bank service charge and correction of book error are both reconciling items on the book side of the reconciliation because they represent adjustments that need to be made to the company's book balance to reconcile it with the bank statement balance.

Which of the Following Items Are Both Reconciling Items on the Book