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In Preparing a Bank Reconciliation, the Amount of Deposits in Transit

question 65

True/False

In preparing a bank reconciliation, the amount of deposits in transit is deducted from the cash balance per books.


Definitions:

Rhazes

A Persian polymath, physician, alchemist, and philosopher, who made significant contributions to the fields of medicine and chemistry in the medieval Islamic world.

Aristotle

An ancient Greek philosopher and scientist whose writings cover a wide range of subjects, including physics, metaphysics, poetry, theater, music, logic, rhetoric, politics, and ethics.

Internal Organs

Organ systems located within the body and responsible for various vital functions, such as the heart, liver, and kidneys.

Internist

A physician specializing in the diagnosis and medical treatment of adults.

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