Which of the following is NOT correct when preparing a bank reconciliation?
A) Outstanding checks are added to the balance per books.
B) Deposits in transit are added to the balance per bank statement.
C) Bank service charges are deducted from the balance per books.
D) NSF checks are deducted from the balance per books.
Correct Answer:
Verified
Q1: Which of the following items from Kash
Q2: The accountant found that four outstanding checks
Q3: Making a comparison between the cash balance
Q5: According to its August 31 bank statement,X
Q6: First Bank charged Team Shirts $100 in
Q7: X Company used the following items to
Q8: Preparing a bank reconciliation enables a company
Q9: X Company used the following items to
Q10: The March bank statement for Jem's Jewelers
Q11: Team Shirts deposited a check written for
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents