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When Reconciling a Bank Account with a Positive Balance,bank Fees

Question 7

Multiple Choice

When reconciling a bank account with a positive balance,bank fees and interest charged by the bank are:


A) Added to the bank statement balance in the reconciliation
B) Deducted from the bank statement balance in the reconciliation
C) Deducted from the general ledger bank balance
D) Added to the general ledger bank balance

Correct Answer:

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