Multiple Choice
In a bank reconciliation, items recorded by the bank but not yet recorded by the company include:
A) deposits in transit
B) bank collections
C) deposits in transit and outstanding cheques
D) outstanding cheques
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q43: The journal entry for a note collected
Q44: Using the aging-of-accounts-receivable$3,800. The Allowance for Uncollectible
Q45: The days' sales in receivables ratio is
Q46: In a bank reconciliation, a bank collection
Q47: For good internal control over cash, the
Q49: Content Integration Inc. has $25,000 in cash,
Q50: The expense of not collecting from customers
Q51: If the bookkeeper mistakenly records a deposit
Q52: The acceptable acid-test ratio varies by industry.
Q53: In a bank reconciliation, an EFT cash