While Preparing a Bank Reconciliation, Which of the Following Items

question 65

Multiple Choice

While preparing a bank reconciliation, which of the following items would be added to the bank statement balance?

• A)outstanding checks
• B)deposits in transit
• C)bank service charges
• D)interest earned on the bank account

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Definitions:

Students

Individuals engaged in the pursuit of learning, typically within an educational institution such as a school or university.

Income Increased

A situation where an individual, household, or entity's earnings or revenue rise, impacting their economic capacity and consumption decisions.

Industries

Broad categories that group businesses and economic activities based on similar production processes, services, or goods produced.

Economy

The system of production, distribution, and consumption of goods and services within a particular geographic region.