Choose the items below that would be subtracted from the book balance on a bank reconciliation.Multiple select question.Note collected by the bank for the depositorMonthly bank service chargeNSF customer checkOutstanding checksInterest earned on the depositor's accountCleared checksMonthly check charges assessed by the bank
Question
Choose the items below that would be subtracted from the book balance on a bank reconciliation.Multiple select question.Note collected by the bank for the depositorMonthly bank service chargeNSF customer checkOutstanding checksInterest earned on the depositor's accountCleared checksMonthly check charges assessed by the bank
Solution
The items that would be subtracted from the book balance on a bank reconciliation are:
- Monthly bank service charge
- NSF (Non-Sufficient Funds) customer check
- Monthly check charges assessed by the bank
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