Multiple Choice
Herbert Company deposited $25,000 in its bank on the same day as-but after-the bank prepared Herbert Company's bank statement. The deposit should appear on the bank reconciliation as an) and is called an) .
A) addition to the bank balance; outstanding deposit
B) deduction to the bank balance; deposit in transit
C) addition to the bank balance; deposit in transit
D) The deposit would not appear on the bank reconciliation.
Correct Answer:
Verified
Correct Answer:
Verified
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