which of the following adjusts the companys balance of cash in a bank reconciliation? multiple choice note…

which of the following adjusts the companys balance of cash in a bank reconciliation? multiple choice note received by the bank on behalf of the company. an error by the bank. checks outstanding. deposits outstanding.

which of the following adjusts the companys balance of cash in a bank reconciliation? multiple choice note received by the bank on behalf of the company. an error by the bank. checks outstanding. deposits outstanding.

Answer

Brief Explanations:

In bank reconciliation, items that the company is unaware of until the bank statement arrives adjust the company's cash balance. A note received by the bank on behalf of the company is such an item. Bank errors adjust the bank's balance, while outstanding checks and deposits affect the bank - side of the reconciliation to align it with the company's records.

Answer:

Note received by the bank on behalf of the company.