Indicate Whether Each of the Following Should Be (A) Added

question 52

Short Answer

Indicate whether each of the following should be (A) added to the bank statement balance, (B) subtracted from the bank statement balance, (C) added to the checkbook balance, or (D) subtracted from the checkbook when computing the reconciled balance.
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a.Outstanding checks
b.Bank fee for printing checks
c.Error in the check register: a deposit of $995 was recorded as $955
d.Deposit which did not appear on the bank statement
e.Service fees for ATM withdrawals

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Definitions:

Exchange Controls

Governmental restrictions on the trade of currencies and the movement of capital across countries, aiming to stabilize economies.

Exporters

Individuals or companies that sell goods or services produced in one country to buyers in other countries.

Importers

Businesses or individuals that buy goods or services from foreign countries for use in their home country.

Western European Countries

Nations located in the Western part of Europe, including France, Germany, Spain, and the United Kingdom, known for their developed economies and democratic governments.