which of the following adjusts the banks balance of cash in a bank reconciliation? multiple choice service…
which of the following adjusts the banks balance of cash in a bank reconciliation? multiple choice service fees. checks outstanding. nsf checks. an error by the company.
Answer
Brief Explanations:
Service fees adjust the company's cash - book balance, not the bank's balance. NSF checks and company errors also adjust the company's records. Outstanding checks are checks issued by the company but not yet cleared by the bank, and they are used to adjust the bank's balance of cash in a bank reconciliation.
Answer:
B. Checks outstanding