Final answer:
On bank reconciliations, the item that would not normally appear is 'Outstanding deposits.' A bank reconciliation includes items like balance per bank, list of deposits in transit, and outstanding checks to verify accuracy between company books and bank records.
Step-by-step explanation:
An item that would not normally appear on a bank reconciliation is c. Outstanding deposits. A bank reconciliation statement is a document that matches the cash balance on a company's balance sheet to the corresponding amount on its bank statement. The purpose of this reconciliation is to ensure that the records are consistent and accurate. Common items included in a bank reconciliation are:
- Balance per bank: This is the ending cash balance according to the bank statement.
- List of deposits in transit: Money that has been received by a company but not yet recorded by the bank.
- Outstanding checks: Checks that have been written by a company but not yet cleared by the bank.
By contrast, outstanding deposits refer to deposits that have been recorded by the bank but are not yet reflected in a company's books, which usually do not appear on a reconciliation since the reconciliation starts with the bank's recorded balance.