Service charge and interest on loan are both adjustments required to the bank balance on a bank reconciliation.

Name: Service charge and interest on loan are both adjustments required to the bank balance on a bank reconciliation.
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Service charge is an adjustment to the book balance, while interest on loan is not typically an adjustment in a bank reconciliation since it relates to loan accounts and not directly to bank transaction discrepancies.

Service Charge and Interest on Loan Are Both Adjustments Required