Bank Reconciliation

Bank charges will

• ADD to bank balance

• DEDUCT from bank balance

• ADD to the check register balance

• DEDUCT from check register balance

Outstanding checks will

• ADD to BANK balance

• DEDUCT from BANK balance

• ADD to check register balance

• DEDUCT from register balance

A cash deposit made by business appears on the bank statement as _______ balance.

• Debit

• Credit

• Expenses

• Liabilities

A bank overdraft will appear as a __________balance in Bank Statement.

• debit

• credit

A fee the bank has charged, for example, fees for maintaining the account, overdraft processing fees and fees for cashing overseas cheques.

• Bank charges

• Interest payable

• Service charges

• Bank fee