Which of the Following Items Would Be Subtracted from the Balance

question 175

Multiple Choice

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

• A)Outstanding checks
• B)Deposit in transit
• C)Service charge assessed by the bank
• D)Interest collected by the bank on a customer note

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Definitions:

Procedural Knowledge

Understanding of how to perform tasks or activities, often involving step-by-step sequences or methods.

Computer-based Training

A form of education in which students learn by using and completing exercises with instructional software on computers.

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