Examlex

Solved

For Each of the Items Below,use the Following Letters to Identify

question 5

Short Answer

For each of the items below,use the following letters to identify the correct treatment in a bank reconciliation.
A=\mathrm { A }= Add to balance per bank C=\quad\quad\quad C = Add to balance per books
B=\mathrm { B } = Deduct from balance per bank D=\quad D = Deduct from balance per books ____ 1.Interest income
____ 2.Outstanding checks
____ 3.Check written for $89,but $98 recorded in books
____ 4.Customer's NSF check
____ 5.Note receivable collected by bank
____ 6.Deposit made for $70,but $700 recorded in books
____ 7.Bank check-printing charge
____ 8.Check written for $52,but $25 recorded in books
____ 9.Deposits in transit
____ 10.Bank fee for collection on note receivable


Definitions:

Total Assets

The sum of all assets owned by a company, including both current and non-current assets, reported on the balance sheet.

Related Questions