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1 How would deposits in transit be dealt with in a bank reconciliation?
| | a. | added to bank statement balance |
| | b. | deducted from companys book balance |
| | c. | they would be ignored |
| | d. | None of these choices |
2 How would customer's NSF checks be dealt with in a bank reconciliation?
| | a. | added to companys book balance |
| | b. | deducted from companys book balance |
| | c. | added to bank statement balance |
| | d. | deducted from bank statement balance |
3 How would interest earned on a checking account be dealt with in a bank reconciliation?
| | a. | added to companys book balance |
| | b. | deducted from companys book balance |
| | c. | added to bank statement balance |
| | d. | deducted from bank statement balance |
4 How would outstanding checks be dealt with in a bank reconciliation?
| | a. | deducted from bank statement balance |
| | b. | deducted from companys book balance |
| | c. | added to bank statement balance |
| | d. | added to the companys book balance |
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