The Amount of Deposits in Transit Is Included on the Bank

question 75

Multiple Choice

The amount of deposits in transit is included on the bank statement as a(n) :

• A) deduction from the cash balance per books.
• B) deduction from the cash balance per bank.
• C) addition to the cash balance per bank.
• D) addition to the cash balance per books.

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Definitions:

Mild Sanctions

Penalties or measures that are not severe or harsh, intended to enforce compliance with laws or regulations without causing significant harm or distress.

Ostracism

The deliberate exclusion of an individual or group from social interaction, communication, or involvement in a community.

Non-Normative Behavior

Actions or behaviors that do not conform to the norms or values held by most members of a society or cultural group.

Deviant Behavior

Actions or conduct that deviate from societal norms, values, or expectations, often resulting in social disapproval.