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Which one of the statements below is true? The deposits in transit are added to the balance per the bank statement, and outstanding checks are
Which one of the statements below is true?
| 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 deducted from 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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Using Microsoft Excel And Access 2013 For Accounting
Authors: Glenn Owen
4th Edition
1305161858, 9781305161856
