Which of the following would be deducted from the balance per books on a bank reconciliation?
A)Outstanding checks.
B)Deposits in transit.
C)Notes collected by the bank.
D)Service charges.

Question

Quizplus · Accepted Answer

Service charges are fees charged by the bank that have not yet been recorded in the company's books, so they need to be deducted from the book balance during reconciliation.

Which of the Following Would Be Deducted from the Balance