Which of the following transactions will appear in the bank statement but generally not have been recorded by the depositor?

Question

Quizplus · Accepted Answer

Service charges are fees charged by the bank for maintaining the account and providing services such as check printing, ATM usage, or overdraft protection. These charges are deducted directly from the account by the bank and are not recorded by the depositor, so they will appear in the bank statement but not in the checkbook. Outstanding checks and deposits in transit, on the other hand, are items that have been recorded by the depositor but have not cleared the bank yet, so they may not appear in the bank statement immediately.

Which of the Following Transactions Will Appear in the Bank