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A deposit in transit on last month's bank reconciliation is shown as a deposit on...

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Question

Accounting

A deposit in transit on last month's bank reconciliation is shown as a deposit on the bank statement this month. As a result, in preparing this period's reconciliation, the amount of this deposit should:

be added to the book balance of cash.

be deducted from the book balance of cash.

be added to the bank balance of cash.

not be included as a reconciling item.

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