Which of the Following Would Be Deducted from the Balance

question 33

Multiple Choice

Which of the following would be deducted from the balance per bank on a bank reconciliation?

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

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Definitions:

Arbitration Agreement

A contract specifying that disputes will be resolved through arbitration rather than court litigation.

Private Companies

Businesses that are owned by a small number of shareholders or company members, and whose shares are not publicly traded on stock exchanges.

Negotiation

The process of discussing something formally in order to reach an agreement or compromise between parties.

Mediators

Neutral third parties who assist disputing parties in reaching a voluntary, negotiated resolution.