In a Bank Reconciliation, a Deposit in Transit Is

question 108

Multiple Choice

In a bank reconciliation, a deposit in transit is:

• A) added to the bank balance in the general ledger
• B) deducted from the bank balance on the bank statement
• C) added to the bank balance on the bank statement
• D) deducted from the bank balance in the general ledger

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Definitions:

4PL Providers

Fourth-Party Logistics providers manage the entire supply chain ecosystem for their clients, offering comprehensive logistics solutions including strategy and planning.

Horizontal Relationship

A business relationship between entities at the same level in the supply chain, focused on collaboration and partnership to achieve mutual goals.