Indicate whether the following items in a bank reconciliation should be (1) added to the Cash account
Question:
Indicate whether the following items in a bank reconciliation should be (1)
added to the Cash account balance, (2) deducted from the Cash account bal¬
ance, (3) added to the bank statement balance, or (4) deducted from the bank statement balance.
a. NSF check
b. Deposit in transit
c. Outstanding check
d. Bank error charging the firm’s account with another company’s check
e. Bank service charge
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Kirti Kaushal
Having experience of more than 10 years is good enough to coach my students. Currently, I am working as an active supervisor of ACCA students. In my career, I helped students in financial accounting, management accounting, cost accounting, financial reporting, taxation, and audit. I also helped students publish their articles or papers in good journals. I also helped students with thesis and objective writing.
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Related Book For 
College Accounting Chapters 1-26
ISBN: 9780395796993
6th Edition
Authors: Douglas J. McQuaig, Patricia A. Bille
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