In the Reconciliation of a Bank Statement,how Should Deposits in Transit

question 181

Multiple Choice

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

• A) Add them to the unadjusted balance per the company's records.
• B) Subtract them from the unadjusted balance per the company's records.
• C) Add them to the unadjusted bank statement balance.
• D) Subtract them from the unadjusted bank statement balance.

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Definitions:

Discrete Random Variable

A variable that takes on a finite or countably infinite number of values, each with a quantifiable probability.

Employees

Individuals who work for another person or organization in return for compensation.

Poisson Distribution

A statistical distribution describing the likelihood of a certain number of events taking place within a specific time or space interval, given that these events happen at a fixed average rate and are independent of the timing of the previous event.

Variance

A statistical measure that represents the degree of spread or dispersion of a set of data values around their mean.