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.

---

Definitions:

Women's Lingerie

Women's underwear and nightclothes, often designed to be appealing or erotic.

Scrambled Merchandising

A retail strategy where stores carry a wide variety of unrelated product categories to attract a broader customer base.

Multiple Distribution Channels

refers to the use of more than one method or pathway to distribute products or services to customers.

General Merchandise Stores

Retail establishments that sell a wide variety of goods across different categories, including clothing, household items, and groceries.