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Which of the following would be added to the balance of the cash at bank account in the books on a bank reconciliation? Group of answer choices Outstanding cheques Outstanding deposits Notes collected by the bank Service charges

Question

Which of the following would be added to the balance of the cash at bank account in the books on a bank reconciliation? Group of answer choices

Outstanding cheques

Outstanding deposits

Notes collected by the bank

Service charges

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Solution

Which of the following would be added to the balance of the cash at bank account in the books on a bank reconciliation?

Notes Collected by the Bank.

Explanation:

In a bank reconciliation, the aim is to match the bank statement with the company's cash account records. Notes collected by the bank are amounts that the bank has collected on behalf of the company, but the company may not yet have recorded these in its own books. Therefore, these amounts would be added to the company's cash at bank account balance during the reconciliation process.

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