Question
In preparing a bank reconciliation, what is the proper treatment of a deposit in transit ? Add to the reported cash balance in the bank
In preparing a bank reconciliation, what is the proper treatment of a deposit in transit?
| Add to the reported cash balance in the bank statement Add to the reported cash balance in the companys books Subtract from the reported cash balance in the bank statement Subtract from the reported cash balance in the companys books |
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Managerial Accounting Creating Value in a Dynamic Business Environment
Authors: Ronald W. Hilton
11th edition
125956956X, 978-1259569562
