Which of the following would be subtracted from the balance per books on a bank reconciliation?
A) Outstanding checks
B) Deposits in transit
C) Notes collected by the bank
D) Service charges

Question

Quizplus · Accepted Answer

Service charges are fees deducted by the bank from the company's account, which would not yet be reflected in the company's books, so they need to be subtracted from the balance per books during reconciliation.

Which of the Following Would Be Subtracted from the Balance