In the Reconciliation of a Bank Statement, Deposits in Transit

question 21

Multiple Choice

In the reconciliation of a bank statement, deposits in transit should be

• A)added to the unadjusted balance per the company's records.
• B)subtracted from the unadjusted balance per the company's records.
• C)added to the unadjusted bank statement balance.
• D)subtracted from the unadjusted bank statement balance.

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Definitions:

Pattern Diagram

A visual representation that outlines the relationship or structure among various elements of a system or process, used for analysis or design purposes.

Learning Organization

An organization that facilitates the learning of its members and continuously transforms itself to improve and adapt.

Modifying Behavior

The process of changing individuals' behaviors through various techniques and interventions to achieve desired outcomes.

Acquiring Knowledge

The process of gaining information, understanding, or skills through experience, education, or being taught.