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Classify Each of the Following Reconciling Items of the Tic

Question 182

Multiple Choice

Classify each of the following reconciling items of the Tic and Tac Company as:

-Outstanding cheques ________


A) an addition to the bank balance
B) a deduction from the bank balance
C) an addition to the book balance
D) a deduction from the book balance
E) not a reconciling item

Correct Answer:

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