Which of the Following Would not Be Subtracted from the Balance

question 184

Multiple Choice

Which of the following would not be subtracted from the balance per books on a bank reconciliation?

• A)Outstanding checks.
• B)NSF checks.
• C)Check printing charge.
• D)Service charges.

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Definitions:

Income Statement

The income statement is a financial document that reports a company's financial performance over a specific accounting period, detailing revenues, expenses, and net income.

Balance Sheet

A financial statement that displays a company's financial position at a specific point in time, including assets, liabilities, and shareholders' equity.

Statement of Stockholders' Equity

A financial statement that shows changes in the value of a company’s shareholders' equity over a reporting period.

Contributed Capital

The total value of cash and other assets received from shareholders in exchange for stock.