A bank charge of $40 for imprinting checks would appear on the bank reconciliation as a(n)__________ to (or from)the ____????______ balance.
A)addition; bank
B)deduction; bank
C)addition; book
D)deduction; book

Question

Quizplus · Accepted Answer

The bank charge of $40 would decrease the book balance because it is a check printing fee charged by the bank and it has not been recorded in the company's books. Therefore, it is a deduction from the book balance.

A Bank Charge of $40 for Imprinting Checks Would Appear