which of the following adjusts the banks balance of cash in a bank reconciliation? multiple choice interest…
which of the following adjusts the banks balance of cash in a bank reconciliation? multiple choice interest on bank deposit. deposits outstanding. bank service fees. nsf check.
Answer
Brief Explanations:
Outstanding deposits are deposits made by the company but not yet recorded by the bank. They are added to the bank's cash balance in a bank - reconciliation. Interest on bank deposit, bank service fees, and NSF checks adjust the company's cash balance, not the bank's balance.
Answer:
B. Deposits outstanding