Which of the following would be deducted from the balance per books on a bank reconciliation?
A) service charges
B) outstanding checks
C) deposits in transit
D) notes collected by the bank

Question

Quizplus · Accepted Answer

Service charges are deducted from the balance per books on a bank reconciliation because they are expenses charged by the bank that decrease the company's book balance but may not yet have been recorded by the company.

Which of the Following Would Be Deducted from the Balance