Which of the following bank reconciliation items should not be added or subtracted from the...
FINANCIAL
JAMB 1999
Which of the following bank reconciliation items should not be added or subtracted from the bank statement balance to determine the adjusted cash balance?
- A. Outstanding cheques
- B. Bank service charges
- C. Deposit in the mail not yet received by the bank
- D. Bank error, charging a company for another company's cheque
Correct Answer: D. Bank error, charging a company for another company's cheque
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