Which of the Following Items That Appeared on the Bank

question 80

Multiple Choice

Which of the following items that appeared on the bank reconciliation did not require a journal entry?

• A) bank service charges
• B) deposits in transit
• C) NSF checks
• D) a check for $630, recorded in the check register for $360

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Definitions:

Property Taxes

Taxes paid by property owners, based on the assessed value of their real estate, used primarily to fund public services like education and infrastructure.

Depreciation

The process of allocating the cost of tangible assets over their useful lives for accounting and tax purposes, reflecting the asset's consumption, wear and tear.

Maintenance

The act of keeping property or equipment in good repair and working condition through regular upkeep and repairs.

Utilities

Services such as water, electricity, gas, and sewer services that are essential for the operation of homes and businesses.