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Which one of the statements below is true? -Both deposits in transit and outstanding checks are deducted from the balance per the bank statement during

Which one of the statements below is true?

-Both deposits in transit and outstanding checks are deducted from the balance per the bank statement during the bank reconciliation process.

-The deposits in transit are added to the balance per the bank statement, and outstanding checks are deducted from the balance per the bank statement during the bank reconciliation process.

-Deposits in transit are deducted from the balance per the bank statement, and outstanding checks are added to the balance per the bank statement during the bank reconciliation process.

-Both deposits in transit and outstanding checks are added to the balance per the bank statement during the bank reconciliation process.

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