Question
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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