On a bank reconciliation,a bank fee for check printing not yet recorded by the company is:
A)Noted as a memorandum only.
B)Added to the book balance of cash.
C)Deducted from the book balance of cash.
D)Added to the bank balance of cash.
E)Deducted from the bank balance of cash.

Question

Quizplus · Accepted Answer

A bank fee for check printing not yet recorded by the company should be deducted from the book balance of cash because it reduces the amount of cash the company actually has, but has not yet recorded in their records.

On a Bank Reconciliation,a Bank Fee for Check Printing Not