In the Reconciliation of a Bank Statement, "Deposits in Transit

question 187

Short Answer

In the reconciliation of a bank statement, "deposits in transit" should be:
A) added to the unadjusted book balance
B) subtracted from the unadjusted bank balance
C) added to the unadjusted bank balance
D) subtracted from the unadjusted bank balance

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

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Definitions:

Conscientious

Characterized by the desire to do one's work or duty well and thoroughly.

Obedient

Showing readiness to follow commands or guidance from others; complying with or conforming to a command or authority.

Discipline

A field of study or a branch of knowledge, as well as the practice of training people to obey rules or a code of behavior.

Preschool Children

Young children typically aged between 3 and 5 years, prior to the commencement of formal schooling.