A bank service charge would be included on the bank reconciliation as a(n):
A) addition to the balance per books.
B) subtraction from the balance per books.
C) addition to the balance per bank.
D) subtraction from the balance per bank.

Question

Quizplus · Accepted Answer

Bank service charges are expenses charged by the bank to the account holder; thus, they decrease the account balance in the company's books but are not reflected in the bank statement until the company adjusts its records.

A Bank Service Charge Would Be Included on the Bank