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5 Why don't deposits in transit and outstanding check amounts discovered in a bank reconciliation require a company to make cor Banking regulations allow depositors
Why don't "deposits in transit" and "outstanding check" amounts discovered in a bank reconciliation require a company to make cor
Banking regulations allow depositors to ignore those items.
The amounts of those items always perfectly offset each other.
Those items have already been recorded by the bank.
Those items have already been recorded by the company.
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