Which one of the following items would be added to the balance per books in a bank reconciliation?
A) Outstanding checks
B) Deposit in transit
C) Service charges
D) Interest on customer note

Question

Quizplus · Accepted Answer

Interest on a customer note collected by the bank increases the balance per books when reconciling, as it represents additional income that has not yet been recorded in the company's books.

Which One of the Following Items Would Be Added to the Balance