On the bank reconciliation, deposits in transit are: O a. an addition to the balance per bank statement b. a deduction to the balance per bank statement c. an addition to the company's records d. a deduction to the company's records

On the bank reconciliation, deposits in transit are: O a. an addition to the balance per bank statement b. a deduction to the balance per bank statement c. an addition to the company's records d. a deduction to the company's records

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter6: Cash And Receivables

Section: Chapter Questions

Problem 26GI

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Concept explainers

Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.

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