Q. Assuming that a business does not have an overdraft, where would you put the following items in the bank reconciliation process (1 option for each item):

1. An addition to the General Ledger Cash at Bank balance.

2. A subtraction from the General Ledger Cash at Bank balance.

3. An addition to the Bank Statement balance on the Bank Reconciliation Statement.

4. A subtraction from the Bank Statement balance on the Bank Reconciliation Statement.

Deposits in transit... (choose one of the above)

Outstanding cheques... (choose one of the above)

Interest charged on the bank account for being

overdrawn two days... (choose one of the above)

Bank collection of an accounts receivable... (choose one of the above)