On a bank reconciliation,which of the following will reduce the bank's cash balance?
A)Outstanding check
B)Deposit in transit
C)Non-sufficient funds check
D)Failure of the company to record the correct amount of the check on the company's records.

Question

Quizplus · Accepted Answer

Outstanding checks are checks that have been written and recorded in the company's books but have not yet cleared the bank, thus reducing the bank's cash balance.

On a Bank Reconciliation,which of the Following Will Reduce the Bank's