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:

Bonds Issued

The process of a corporation or government raising funds by selling bonds to investors.

At a Discount

Selling or buying something for less than its nominal or face value.

At a Premium

When a security is traded above its face value or nominal value.

Compounded Annually

Interest added to the principal sum of a deposit or loan once per year, resulting in interest on interest.