When Preparing a Bank Reconciliation,deposits in Transit Should Be

question 100

Multiple Choice

When preparing a bank reconciliation,deposits in transit should be

• A)added to the unadjusted book balance.
• B)subtracted from the unadjusted book balance.
• C)added to the unadjusted bank balance.
• D)subtracted from the unadjusted bank balance.

---

Definitions:

Middle Management

A level of management in an organization that is below top executives and above frontline employees, responsible for implementing company policies and strategies.

Focus Strategy

A strategy that concentrates on serving a unique market segment better than anyone else.

Organizational Resources

Refers to the assets, including human, financial, and physical, that an organization can utilize to achieve its objectives.

Customer Group

A specific segment of the market targeted by a company's products, services, or marketing efforts.