Which of the Following Bank Reconciliation Items Would not Result

question 143

Multiple Choice

Which of the following bank reconciliation items would not result in an adjustment to the company's records?

• A)Service charge.
• B)Deposits in transit.
• C)NSF check of customer.
• D)Collection of a note by the bank.

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Definitions:

Liability Accounts

Accounts on a company's balance sheet that track what the company owes to others, such as loans payable, accounts payable, and mortgage payable.