Service charges are an example of a transaction that appears in the bank statement but which may not yet have been recorded by the company.

Name: Service charges are an example of a transaction that appears in the bank statement but which may not yet have been recorded by the company.
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Question

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Service charges are usually deducted by the bank from the company's account balance and will appear as a transaction in the bank statement before the company has had a chance to record it in their own accounting records.

Service Charges Are an Example of a Transaction That Appears