Each of the following items affect the cash balance per books except
A) bank service charges.
B) notes collected by the bank.
C) NSF checks.
D) outstanding checks.

Question

Quizplus · Accepted Answer

Outstanding checks affect the cash balance per bank statement, not the cash balance per books. They are checks issued by a company that have not yet been cashed or deposited by the recipient.

Each of the Following Items Affect the Cash Balance Per