Which of the following would NOT need to be accounted for in a bank reconciliation?
A)Deposits outstanding recorded by the company but not the bank.
B)Interest earned recorded by the bank but not the company.
C)NSF checks recorded by the bank but not by the company.
D)Checks written by the company and recorded by the bank.

Question

Quizplus · Accepted Answer

Checks written by the company and recorded by the bank are already part of the bank statement and therefore do not need to be accounted for in a bank reconciliation. The other options represent reconciling items that need to be adjusted for in order to bring the company's records in line with the bank's records.

Which of the Following Would NOT Need to Be Accounted