Indicate how the item listed would be handled in preparing a bank reconciliation: Bank service...

80.2K

Verified Solution

Question

Accounting

Indicate how the item listed would be handled in preparing a bank reconciliation: Bank service charge.

a. Deduct from cash balance per bank

b. Add to cash balance per bank

c. Deduct from cash balance per books

d. Does not affect the bank reconciliation

e. Add to cash balance per books

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students