If the Bank Reconciliation Includes a Deposit in Transit, a Journal

question 99

True/False

If the bank reconciliation includes a deposit in transit, a journal entry is required which includes a debit to cash.

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Definitions:

Condition

A particular state of something or a situation with regard to circumstances or attributes.

-Oma

A suffix used in medical terminology to denote a tumor or neoplasm.

Tumor

An abnormal growth of tissue that can be benign (non-cancerous) or malignant (cancerous), caused by uncontrolled cell division.

Swelling

Inflammation or enlargement of a part of the body, typically as a response to injury or infection.