Accounting: What the Numbers Mean 9th Edition by Wayne W McManus, Daniel F Viele, David H Marshall

Exercise 30

For the following questions, circle the best response.

Bank reconciliations often result in the recording of adjusting (or correcting) entries affecting the cash account on the books of the company involved. Which of the following items would not cause such an adjustment?

a. Bank service charges.

b. Outstanding checks.

c. Notes collected on behalf of the company by the bank.

d. Errors made in recording amounts of checks written.

e. Not sufficient funds checks.