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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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