which of the following adjusts the companys balance of cash in a bank reconciliation? multiple choice checks…
which of the following adjusts the companys balance of cash in a bank reconciliation? multiple choice checks outstanding. interest on bank deposit. deposits outstanding. an error by the bank.
Answer
Brief Explanations:
In bank reconciliation, the company's cash - balance is adjusted for items that the company has not yet recorded. Interest on bank deposit is an item that the bank has credited to the company's account but the company may not have recorded yet. Outstanding checks and deposits affect the bank's balance in the reconciliation, and bank errors are used to adjust the bank's balance, not the company's cash balance.
Answer:
Interest on bank deposit.