Assuming the Account Is Not in Overdraft,when Reconciling the Ledger

question 29

Multiple Choice

Assuming the account is not in overdraft,when reconciling the ledger with the bank statement a deposit in transit should be:

• A)Subtracted from the general ledger bank balance
• B)Added to the general ledger bank balance
• C)Subtracted form the bank statement balance in the reconciliation
• D)Added to the bank statement balance in the reconciliation