When Preparing a Bank Reconciliation, Any Bank Fees and Interest

question 27

Multiple Choice

When preparing a bank reconciliation, any bank fees and interest charged by the bank are:

• A) added to the general ledger bank balance.
• B) deducted from the general ledger bank balance.
• C) added to the bank statement balance in the reconciliation.
• D) deducted from the bank statement balance in the reconciliation.

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