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1 How would deposits in transit be dealt with in a bank reconciliation? a. added to bank statement balance b. deducted from companys book balance

1 How would deposits in transit be dealt with in a bank reconciliation?

a.

added to bank statement balance

b.

deducted from companys book balance

c.

they would be ignored

d.

None of these choices

2 How would customer's NSF checks be dealt with in a bank reconciliation?

a.

added to companys book balance

b.

deducted from companys book balance

c.

added to bank statement balance

d.

deducted from bank statement balance

3 How would interest earned on a checking account be dealt with in a bank reconciliation?

a.

added to companys book balance

b.

deducted from companys book balance

c.

added to bank statement balance

d.

deducted from bank statement balance

4 How would outstanding checks be dealt with in a bank reconciliation?

a.

deducted from bank statement balance

b.

deducted from companys book balance

c.

added to bank statement balance

d.

added to the companys book balance

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