On a Bank Reconciliation Deposits in Transit Are

question 103

Multiple Choice

On a bank reconciliation deposits in transit are

• A) added to the bank balance.
• B) deducted from the bank balance.
• C) added to the book balance.
• D) deducted from the book balance.

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Definitions:

Long-Term Liabilities

Debts that will be repaid over a number of years, such as long-term loans and bond issues.