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When Preparing a Bank Reconciliation, Any Bank Fees and Interest

Question 27

Multiple Choice

When preparing a bank reconciliation, any bank fees and interest charged by the bank are:


A) added to the general ledger bank balance.
B) deducted from the general ledger bank balance.
C) added to the bank statement balance in the reconciliation.
D) deducted from the bank statement balance in the reconciliation.

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