Cash balance per bank when performing bank reconciliation

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Reference no: EM131959665

1. Which of the following would be deducted from the ending cash balance per bank when performing a bank reconciliation?

Electronic fund transfers

Service charges

Deposits in transit

Outstanding checks

2. Which of the following would not cause the bank balance to differ from the cash balance in the accounting records?

The company wrote checks that have cleared the bank.

Deposits outstanding that have been recorded on the company's records, but not on the bank's.

The company made an error in recording a deposit.

The bank made an error in recording a deposit made by the company.

Reference no: EM131959665

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