QUESTION 1 Outstanding checks are A. deducted from the book balance B. added to the book balance C. deducted from the bank statement balance D. added to the bank statement balance

QUESTION 2 An error made in the accounting books is A. it depends on the error-it could be added or deducted from the book balance B. added to the bank statement balance C. added to the book balance D. deducted from the bank statement balance E. deducted from the book balance

QUESTION 3 Electronic fund transfers (EFT) received are A. deducted from the book balance B. deducted from the bank statement balance C. added to the bank statement balance D. added to the book balance

QUESTION 4 A bank service charge is A. deducted from the bank statement balance B. added to the book balance C. added to the bank statement balance D. deducted from the book balance

QUESTION 5 Deposits in transit are A. deducted from the book balance B. added to the bank statement balance C. deducted from the bank statement balance D. added to the book balance

QUESTION 6 A bank error is A. deducted from the bank statement balance. B. added to the book balance. C. deducted from the book balance. D. added to the bank statement balance. E. it depends on the error-it could be added or deducted from the bank statement balance.

QUESTION 7 An NSF check is A. adeducted from the bank statement balance B. added to the bank statement balance C. added to the book balance D. deducted from the book balance