Which of the following is a reconciling item on the bank side of a bank reconciliation?
A)canceled checks
B)Outstanding checks
C)NSF checks
D)both b and c

Question

Quizplus · Accepted Answer

Outstanding checks are checks that have been issued but have not yet cleared the bank. They need to be subtracted from the bank's balance to arrive at the adjusted balance. Canceled checks and NSF (non-sufficient funds) checks are not reconciling items on the bank side of a bank reconciliation.

Which of the Following Is a Reconciling Item on the Bank