Which of the Following Would Be Added to the Balance

question 193

Multiple Choice

Which of the following would be added to the balance per books on a bank reconciliation?

• A)Outstanding checks.
• B)Deposits in transit.
• C)Notes collected by the bank.
• D)NSF check.

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Definitions:

Liabilities

Financial obligations owed by a business to others, such as loans, accounts payable, and mortgages.

Total Assets

The sum of all current and non-current assets owned by a company, reflecting its overall value.

Supplies

Items used in the daily operations of a business, such as office or cleaning supplies, that are essential but not directly tied to the production of goods.

Cash

A company's liquid assets that are available for immediate use for transactions, including currency and demand deposits.