Which of the Following Would Be Deducted from the Balance

question 91

Multiple Choice

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

• A) Service charges
• B) Outstanding checks
• C) Deposits in transit
• D) Notes collected by the bank

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Definitions:

Financial Services

These are the economic services provided by the finance industry, encompassing a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, investment funds, and some government-sponsored enterprises.

Technology

The application of scientific knowledge for practical purposes, especially in industry and in our daily lives, encompassing a wide range of tools, machines, and techniques.

Social Sciences

Academic disciplines that study human society and social relationships, including psychology, sociology, anthropology, and economics.

ISIS

An insurgency that emerged from the sectarian civil wars that destabilized Syria and post–Saddam Hussein Iraq. Beginning in 2014, ISIS forces attacked towns and cities in Iraq, Syria, and Libya, systematically murdering members of ethnic and religious minorities.