Which of the Following Items Will NOT Appear on the Book

question 19

Multiple Choice

Which of the following items will NOT appear on the book side of the reconciliation?

• A) The bank collected a note receivable of $1,000.
• B) A nonsufficient funds check of $75 was returned to the bank.
• C) A deposit was in transit.
• D) The bank charged a service fee of $20.

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Definitions:

Net Asset Value

The value per share of a mutual fund or an exchange-traded fund, calculated by dividing the total value of all the fund's assets minus liabilities by the number of shares outstanding.

Year-End Assets

The total value of all assets owned by an entity at the end of the fiscal year.

Liabilities

Financial obligations or debts owed by a person or company to others.

Mixed Asset Classes

Investment portfolios that include a combination of stocks, bonds, and other securities to achieve diversification.