Which of the Following Would Be Subtracted from the Balance

question 50

Multiple Choice

Which of the following would be subtracted from the balance per bank on a bank reconciliation?

• A) outstanding checks
• B) deposits in transit
• C) notes collected by the bank
• D) service charges

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Definitions:

Consultant's Fee

The amount charged by a consultant for their professional advice or services.

Computer Equipment

Tangible assets related to computers and technology used in the operational activities of a business, such as servers, desktops, and peripherals.

Capital Expenditures

Investments in physical assets like property, plant, and equipment, which are expected to improve a company’s future productive capacity.

Operating Efficiency

A metric that indicates the ratio of output gained to the input expended in the business process.