In a Bank Reconciliation,a Deposit in Transit Is

question 144

Multiple Choice

In a bank reconciliation,a deposit in transit is:

• A) added to the bank balance in the general ledger
• B) added to the bank balance on the bank statement
• C) deducted from the bank balance in the general ledger
• D) deducted from the bank balance on the bank statement

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Definitions:

Test Statistic

A calculated value from sample data used to test a hypothesis in statistical testing, determining whether to reject the null hypothesis.

μ

The symbol commonly used to represent the mean or average of a population in statistics.

Simple Random Sample

A segment of a statistical population in which every individual posseses the same likelihood of being selected.

Normal Population

A statistical population that follows a normal distribution, where the data tends to cluster around a mean value.