A Deposit in Transit in a Bank Reconciliation Should Be

question 131

Multiple Choice

A deposit in transit in a bank reconciliation should be:

• A)Added to the depositor's book cash balance.
• B)Subtracted to the depositor's book cash balance.
• C)Added to the bank statement balance.
• D)Subtracted from the bank statement balance.

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Definitions:

Horizontal Axis

The x-axis in a graph, typically used to represent the independent variable.

Vertical Axis

An imaginary line that runs up and down, perpendicular to the horizontal plane.

Relative Frequency Histogram

A graphical representation of the relative frequency of various outcomes in a data set, showing how often each value occurs relative to the total number of values.

Bar Width

In the context of a bar chart or histogram, it refers to the thickness or size of each bar, which can affect the chart's readability and interpretation.