Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Q34 Question 34 3. On a bank reconciliation, a deposit made by the company but not recorded by the bank (deposit in transit) is: O

Q34 image text in transcribed
Question 34 3. On a bank reconciliation, a deposit made by the company but not recorded by the bank ("deposit in transit") is: O Deducted from the bank balance of cash. O Noted as a memorandum only. O Added to the book balance of cash. O Deducted from the book balance of cash. O Added to the bank balance of cash

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

Explain the importance of Human Resource Management

Answered: 1 week ago

Question

Discuss the scope of Human Resource Management

Answered: 1 week ago

Question

Discuss the different types of leadership

Answered: 1 week ago

Question

Write a note on Organisation manuals

Answered: 1 week ago