Question

Bank fees for check printing are recorded by the bank as: Multiple Choice An increase in the bank’s asset account. A decrease in the bank’s asset account. A decrease in the depositor’s bank account. An increase in the depositor’s bank account.

Answer 1

Answer:

A decrease in the depositor’s bank account

Explanation:

The Bank fees are income to the Banks Financial Statements while they reflect a decrease in the assets of cash in the depositors bank account.

Therefore, Bank fees for check printing are recorded by the bank as a decrease in the depositors bank account.