On a Bank Reconciliation, Deposits in Transit Are

question 83

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:

Carrying Amount

The net value of an asset or liability according to a company's balance sheet, also known as book value.