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:

Disbursements

The payment of money from a fund or account, usually referring to the distribution of funds for specific purposes or expenses.

Cashier's Check

A check issued by a bank, drawn from its own funds and signed by a cashier or teller, guaranteeing payment to the payee.

Telephone Consumer Protection Act

A law enacted in 1991 in the United States that restricts telemarketing and the use of automated telephone equipment.

Telephone Solicitation

The practice of contacting individuals by phone to promote services or products, often unsolicited.