When the bank reconciliation is being completed, Deposits in Transit would be: Added to the Bank Statement Balance Subtracted from the Bank Statement Balance Added to the Cash General Ledger Balance Subtracted from the Cash General Ledger Balance
When the bank reconciliation is being completed, Deposits in Transit would be: Added to the Bank Statement Balance Subtracted from the Bank Statement Balance Added to the Cash General Ledger Balance Subtracted from the Cash General Ledger Balance
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter6: Bank Accounts, Cash Funds, And Internal Controls
Section: Chapter Questions
Problem 5DQ
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![When the bank reconciliation is being completed, Deposits in Transit
would be:
Added to the Bank Statement Balance
Subtracted from the Bank Statement Balance
Added to the Cash General Ledger Balance
Subtracted from the Cash General Ledger Balance](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F80f885f7-e234-4279-b420-10a59ea27c9b%2F02118107-322d-4e14-acb5-b272385b0403%2Fgu3gp6_processed.png&w=3840&q=75)
Transcribed Image Text:When the bank reconciliation is being completed, Deposits in Transit
would be:
Added to the Bank Statement Balance
Subtracted from the Bank Statement Balance
Added to the Cash General Ledger Balance
Subtracted from the Cash General Ledger Balance
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