Which of the following items are both reconciling items on the book side of the reconciliation?
A)Deposit in transit and dishonoured cheque
B)Outstanding cheques and correction of book error
C)Bank service charge and outstanding cheques
D)Bank service charge and correction of book error

Question

Quizplus · Accepted Answer

Bank service charge and correction of book error are both reconciling items on the book side, as they require adjustments to the company's books to match the bank statement.

Which of the Following Items Are Both Reconciling Items on the Book