In Account Reconciliation, One of the Steps in Calculating the Adjusted

question 47

Multiple Choice

In account reconciliation, one of the steps in calculating the adjusted bank balance is:

• A) deducting total withdrawals still outstanding from the bank balance.
• B) deducting total deposits still outstanding from the bank balance.
• C) adding the total credit card outstanding balance to the bank balance.
• D) adding bank service charges to the bank balance.
• E) subtracting interest paid on the account's balance for the period.