Regarding a Bank Reconciliation,which One of the Following Is an Item

question 13

Multiple Choice

Regarding a bank reconciliation,which one of the following is an item recorded by the company but not by the bank?

• A)Checks outstanding.
• B)Interest earned.
• C)Service charges.

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Definitions:

Journal

A detailed record where all financial transactions of a business are initially recorded, before being transferred to the general ledger.

Posting Reference

A notation or code that links journal entries to the corresponding ledger accounts, facilitating tracking and reviewing of financial transactions.

Journal Page Number

The specific page number in a journal where transactions are recorded, aiding in tracking and referencing financial activities.

Account Number

A unique sequence of numbers assigned to a customer's account in the books of a financial institution.