Bank service charges would be shown on a bank reconciliation as
A) added to the balance per bank statement.
B) deducted from the balance per bank statement.
C) added to the balance per books.
D) deducted from the balance per books.

Question

Quizplus · Accepted Answer

Bank service charges are expenses recognized by the company when it reconciles its books. Therefore, they are deducted from the balance per books to adjust the company's cash balance to reflect these charges.

Bank Service Charges Would Be Shown on a Bank Reconciliation