The Amount of Deposits in Transit Is Included on the Bank

question 177

Multiple Choice

The amount of deposits in transit is included on the bank reconciliation as a (n)

• A) deduction from the balance per the company's books
• B) deduction from the balance per bank statement
• C) addition to the balance per bank statement
• D) addition to the balance per company books

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Definitions:

Successor

An individual who follows another in a specific role or position, often as a result of planned succession or replacement.

Advantages

Benefits or favorable factors that contribute to success or achieving a goal.

Economic Issue

A problem or situation related to the economy that affects individuals, businesses, or governments.

Grooming

The process of making oneself neat and well-dressed, often required in professional environments; can also refer to preparing someone for a specific position or role.