Name ID Model B I) Which of the following items can be added to or subtracted fr

Question

Name ID Model B I) Which of the following items can be added to or subtracted from preparing the bank reconciliation? A) book errors B) bank errors the bank balance when C) EFT payments by bank DEFT receipts by bank 2) In a bank reconciliation, a NSF check is: A) added to the bank balance. B) added to the book balance. C) deducted from the book balance. D) deducted from the bank balance. 3) Deposits that have been recorded on the books, but have not yet been recorded by the bank are: A) nonsufficient funds deposits. B) outstanding deposits. C) deposits in transit. D) electronic funds deposits. 4) The bookkeeper recorded a deposit of $100 as $10. On the bank reconciliation, this will a(n): A) addition of $90 to the balance per bank. B) subtraction from the balance per bank. C) addition of $90 to the balance per books. D) subtraction of $90 to the balance per books. 5) Outstanding checks are checks that have been recorded by the bank, but are not yet on the books. ) True () False

Explanation / Answer

a) book errors

b) added to book balance

c) deposits in transit

d) subtraction of $90 to the balance as per book

e) False

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