Which of the following items would be added to the book balance on a bank reconciliation a. Service Chargeb. Outstanding checksc. Deposits in Transitd. Interest on Customer Note
Which of the following items would be added to the book balance on a bank reconciliation?
I think the answer is letter:
- c.Depositsintransit
sorry yung mga kaklase ko kasi haha
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.