A. Which of the following items would cause cash per the bank statement to be larger than
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Question:
A. Which of the following items would cause cash per the bank statement to be larger than the balance of cash shown in the accounting records?
1.Bank service charges.2.Deposits in transit.3.Outstanding checks.4.NSF check from one of the depositor's customers.
B. When preparing a bank reconciliation, deposits in transit will: 1.Increase the balance per depositor's records. 2.Decrease the balance per depositor's records. 3.Increase the balance per the bank statement. 4.Decrease the balance per the bank statement.
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