Which of the following items would not normally appear on bank reconciliations?
A) balance per bank
B) list of deposits in transit
C) outstanding deposits
D) outstanding checks

Question

Quizplus · Accepted Answer

Outstanding deposits are not a typical item on bank reconciliations. Bank reconciliations usually include the balance per bank, deposits in transit (which are amounts deposited but not yet recorded by the bank), and outstanding checks (checks written but not yet cleared by the bank). Outstanding deposits are essentially the same as deposits in transit, making the term "outstanding deposits" incorrect in this context.

Which of the Following Items Would Not Normally Appear on Bank