On a bank reconciliation, the amount of an unrecorded bank service charge should be: Multiple Choice Added to the book balance of cash. Deducted from the book balance of cash. Added to the bank balance of cash. Deducted from the bank balance of cash. Noted in memorandum form only.

On a bank reconciliation, the amount of an unrecorded bank service charge should be: Multiple Choice Added to the book balance of cash. Deducted from the book balance of cash. Added to the bank balance of cash. Deducted from the bank balance of cash. Noted in memorandum form only.

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

On a bank reconciliation, the amount of an unrecorded bank service charge should be:
Multiple Choice
Added to the book balance of cash.
Deducted from the book balance of cash.
Added to the bank balance of cash.
Deducted from the bank balance of cash.
Noted in memorandum form only.

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