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Which of the following items on a bank reconciliation would require an adjusting entry on the company cash book?Top Answer
c . Explanation: A bank service charge is an amount which if not charged in the companies books of accounts because it is the amount charged by the bank so company need to update them as adjusting entry.
Which of the following bank reconciliation items would result in an adjusting entry?All of the following bank reconciliation items would result in an adjusting journal entry on the company's books except: deposits in transit. Deposits in transit: have been recorded by the company but not yet by the bank.
Which of the following items on a bank reconciliation would not require a journal entry on a company books?Outstanding checks are recorded already in the book, so it is a bank reconciling item. The company would prepare journal entries for book reconciling items only. Thus, outstanding checks do not need journal entry.
Which of the following items found on a bank reconciliation does not require an adjusting entry?Which of the following items used to reconcile cash does not require an adjusting entry? Deposits in transit are used to reconcile cash, but do not require an adjusting entry.
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