Name ID Model B I) Which of the following items can be added to or subtracted fr
ID: 2566649 • Letter: N
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 DEFTreceipts 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 () FalseExplanation / Answer
Q1.
Answer is B. Bank errors
Q2. NSF check is
Answer is C. deducted from book balance
Q3.
Answer is C. deposits in transit
Q4.
Answer is C. Additions of $ 90 to balance as per books
Q5.
Answer is False
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