Multiple Choice
A deposit in transit on last period's bank reconciliation is shown as a deposit on the bank statement this period.As a result,in preparing this period's reconciliation,the amount of this deposit should be:
A) Added to the book balance of cash.
B) Deducted from the book balance of cash.
C) Added to the bank balance of cash.
D) Deducted from the bank balance of cash.
E) Not included as a reconciling item.
Correct Answer:

Verified
Correct Answer:
Verified
Q2: What are the checks that must be
Q3: Why is it a matter of good
Q4: A company's internal control system:<br>A)Eliminates the risk
Q6: A check involves three parties: the maker
Q9: The Discounts Lost account is used:<br>A)With the
Q10: Hasbro had $2,816 million in sales and
Q11: Based on the following information,prepare the general
Q12: Which of the following statements best describes
Q62: An internal control system refers to the
Q157: In reimbursing the petty cash fund:<br>A) Cash