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Assign the Letter to Indicate Whether the Following Items Would

Question 199

Matching

Assign the letter to indicate whether the following items would be added to or subtracted from the company’s books or the bank statement during the construction of a bank reconciliation.

Premises:
outstanding checks
bank service charge
deposit in transit
NSF check
EFT deposit from a customer
charges for some other company’s safe deposit box were posted to your account
a $1,000 note from one of your customers was collected by the bank
interest revenue earned by the note above
Responses:
added to the company’s books
subtracted from the company’s books
added to the bank statement balance
subtracted from the bank statement balance

Correct Answer:

outstanding checks
bank service charge
deposit in transit
NSF check
EFT deposit from a customer
charges for some other company’s safe deposit box were posted to your account
a $1,000 note from one of your customers was collected by the bank
interest revenue earned by the note above
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