Which of the Following Statements Pertaining to Bank Reconciliations Is

question 79

Multiple Choice

Which of the following statements pertaining to bank reconciliations is false?

• A)Outstanding checks are deducted from the bank cash balance.
• B)Deposits in transit are added to the bank cash balance.
• C)Bank service charges are deducted from the bank cash balance.
• D)Non-sufficient funds checks identified in the bank statement are deducted from the book cash balance.

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