Identify whether each of the following items would on appear on the bank sideor the book side of a bank reconciliation.Enter Bank or Book below.Bank service chargesOutstanding checksDeposits in transitNSF checkInterest on a checking accountThe company properly wrote a check for $95.80 that thebank incorrectly paid as $9.58.The bank printed checks for the depositor for a fee.Bank debit memorandumBank credit memorandumThe bank collected a $1,000 note for the depositor.

dentify whether each of the following items would on appear on the bank si or the book side of a bank reconciliation. Enter Bank or Book below. Bank service charges Outstanding checks Deposits in transit

dentify whether each of the following items would on appear on the bank si or the book side of a bank reconciliation. Enter Bank or Book below. Bank service charges Outstanding checks Deposits in transit

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.

Question

Identify whether each of the following items would on appear on the bank side
or the book side of a bank reconciliation.
Enter Bank or Book below.
Bank service charges
Outstanding checks
Deposits in transit
NSF check
Interest on a checking account
The company properly wrote a check for $95.80 that the
bank incorrectly paid as $9.58.
The bank printed checks for the depositor for a fee.
Bank debit memorandum
Bank credit memorandum
The bank collected a $1,000 note for the depositor.

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