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Question 27: A deposit in transit appears in the _____ section of a bank reconciliation. Answer: A. Add section, bank side B. Deduct section, bank

Question 27: A deposit in transit appears in the _____ section of a bank reconciliation.

Answer:

A.
Add section, bank side

B.
Deduct section, bank side

C.
Add section, book side

D.
Deduct section, book side

Question 25: The adjusted bank balance and the adjusted book balance should equal when the bank reconciliation is completed.

Answer:

A.
True

B.
False

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