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:

Decoder

A device or program that translates encoded data into its original format; in communication, someone who interprets the message.

Technologies

The use of scientific understanding to achieve practical goals, particularly within industrial sectors.

Manager

is a person responsible for controlling or administering all or part of a company or similar organization, often tasked with making decisions and overseeing the work of others.

Receiver

The person who interprets a message.