question 16\n5 points\nin account reconciliation, one of the steps in calculating adjusted bank balance is…

question 16\n5 points\nin account reconciliation, one of the steps in calculating adjusted bank balance is _.\na adding bank service charges to bank balance\nb deducting total deposits still outstanding from bank balance\nc deducting total withdrawals still outstanding from bank balance\nd adding total credit card outstanding balance to bank balance

question 16\n5 points\nin account reconciliation, one of the steps in calculating adjusted bank balance is _.\na adding bank service charges to bank balance\nb deducting total deposits still outstanding from bank balance\nc deducting total withdrawals still outstanding from bank balance\nd adding total credit card outstanding balance to bank balance

Answer

Answer:

B. deducting total deposits still outstanding from bank balance

Brief Explanations:

In bank reconciliation, outstanding deposits (deposits in - transit) are not yet recorded by the bank. So, to get the adjusted bank balance, we need to deduct them from the unadjusted bank balance. Bank service charges are adjusted on the book side, not the bank side. Outstanding withdrawals (outstanding checks) are added to the bank balance (as the bank has not yet deducted them). Credit - card balances are not part of the bank - balance adjustment in the traditional bank - reconciliation process for a company's cash account.