When Preparing a Bank Reconciliation, Which of the Following Items

question 106

Multiple Choice

When preparing a bank reconciliation, which of the following items would be subtracted from the bank balance on the bank statement?

• A) bank service charges
• B) deposits in transit
• C) EFT cash payments
• D) outstanding cheques

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Definitions:

Adjacent

Being next to or near something else, typically referring to physical location.

Parking Lot

An area designated for the parking of vehicles, typically found outside commercial or public buildings.

Warehouse

A large building where raw materials or manufactured goods are stored before their distribution for sale.

Title

Refers to the legal right to own, use, or sell a particular property or asset.