Deposits in Transit Are Added to the Balance Per Books

question 89

True/False

Deposits in transit are added to the balance per books when preparing a bank reconciliation.

---

Definitions:

Cleavage

A property of minerals that describes their tendency to break along flat surfaces based on their crystalline structure.

Strike-Slip Fault

A type of fault where rocks on either side move horizontally past one another, typically a result of shear stress.

Oblique-Slip Faults

Faults that exhibit both vertical and horizontal movement, combining characteristics of strike-slip and dip-slip (normal or reverse) faults.

Ductile Behavior

The ability of a material to undergo significant deformation under stress before breaking, often applied to metals and geological formations.