Which of the Following Is Added to the Bank Balance

question 66

Multiple Choice

Which of the following is added to the bank balance on a bank reconciliation?

• A)Deposits in transit
• B)Outstanding checks
• C)EFT received from customers
• D)Bank service charge

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Definitions:

Resell

The act of selling an item or property that one has previously bought, often to realize a profit or recover an investment.

Prop

An object used on stage or in film to enhance the setting, character portrayal, or storytelling.

Mitigate Loss

The requirement for a party suffering loss to take reasonable action to minimize the amount of loss suffered.

Fundamental Breach

A serious violation of a contract that allows the affected party to terminate the agreement and seek damages.