Which of the following items would be added to the book balance on a bank reconciliation? I think the answer is letter:
 Junior Philippine Institute of Accountants University of Cebu – Banilad Chapter BANK RECONCILIATION TEST BANK I. True or False _____1. A debit balance in Bank account in the Cash book appears as a credit balance in the Bank statement. _____2. A Bank reconciliation statement is not part of the double entry system. _____3. An overdraft in the bank statement is included in the balance sheet as a current asset. _____4. If the bank reconciliation starts with a debit balance from the Bank account in the Cash book the bank charges appearing in the Bank statement would be added. _____5. A credit entry in pass book means a credit entry in cash book. _____6. A reconciliation statement is prepared because the Bank account in the cash book is always correct and the bank statement is not. _____7. Bank Reconciliation Statement is a statement prepared by a bank. _____8. Cheques deposited in to bank are recorded on debit side of the bank column of Cash book. _____9. Direct deposits in the bank by a customer would increase the balance shown by the pass book. _____10. Savings account is an account where a passbook is required in making deposits and withdrawals. Which of the following would be added to the book balance in bank reconciliation?So, when preparing a bank reconciliation if balance as per bank statement is the starting point then, deposits in transit and cheques not collected would have to be added.
Which of the following items would be added to the book balance on a bank reconciliation quizlet?On a bank reconciliation, outstanding checks are added to the balance per books to obtain the adjusted balance per books.
What are the reconciling items in book balance?A reconciling item is a difference between balances from two sources that are being compared. These items are stated in an account reconciliation, so that the balance from one source is adjusted by reconciling items to arrive at the balance from the other source.
Which of the following would be added to the book balance?Answer choice: D.
The cash collected by the bank would be an increase to the balance per the books on a bank reconciliation. Outstanding checks and deposits in transit would be adjustments to the bank balance on a bank reconciliation.
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Which of the following items would be added to the book balance on a bank reconciliation?
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