Use the following information to calculate the ratios requested below.Round answers to one decimal place.Show your work.
Definitions:
Bank Statement Adjustment
The process of modifying the balance shown in a bank statement to match the adjusted balance in the ledger accounts, usually due to timing differences in recording transactions.
Company Books Adjustment
The process of making changes to the financial records to correct errors or update accounting information.
Deposit In Transit
A banking term that refers to checks or other forms of payment that have been received and recorded by a company, but not yet processed or credited by the bank.
Bank Statement Adjustment
Corrections made to a bank account balance to reflect transactions, fees, or errors not previously recorded in the company's books.
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