Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. in a bank reconciliation, deposits in transit shou

In a bank reconciliation, deposits in transit should be: a. Deducted from the balance per...

50.1K

Verified Solution

Question

Accounting

In a bank reconciliation, deposits in transit should be:

a. Deducted from the balance per books

b. Deducted from the balance per bank statement

c. Added to the balance per ledger

d. Added to the balance per bank statement

e. Disregarded in the bank reconciliation

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Matrix addition is both commutative and associative for addition?

Basic Math
Q

It inhibits cell wall synthesis OIt creates thymine dimers O It reduces the pH of...

Biology
Q

If the air of weight w is filled in an empty balloon which weighs w...

Physics
Q

Perform the indicated operations. Write the answer in standard form, a+bi.5-6i/4-2iMultiply the numerator and denominator...

Basic Math
Q

For Pam, the probability of getting diabetes (event A) is 0.35, and the probability of...

Basic Math
Q

The following data give the high school GPAS x and college GPAS 3 for a...

Statistics
Q

Collecting cash on an account previously written off increases total assets...

Accounting
Q

\table[[Activity,Cost Driver,Amount,M,XY],[Production setups,Number of setups,$84,000,8,12],[Material handling,Number of parts,42,000,56,24],[Packaging costs,Number of units,211,500?,70,000,50,000],[,,$337,500?,,]] What is...

Accounting
Q

Z Corp has sufficient E & P. It makes a $1,000 distribution to each of...

Accounting
Q

An asset was purchased for 750,000. It had an estimated residual value of 150,000 and...

Accounting
Q

On January 1,2023, Payne Company bought a 15 percent Interest In Scout Company. The acquisition...

Accounting
Q

Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Methods The units of an item...

Accounting