Question
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 |
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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 |
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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 |
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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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