When Reconciling a Bank Account with a Positive Balance, Bank

question 56

Multiple Choice

When reconciling a bank account with a positive balance, 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) deducted from the bank statement balance in the reconciliation.
• D) added to the bank statement balance in the reconciliation.

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Definitions:

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