Multiple Choice
Assuming the account is not in overdraft, when reconciling the ledger with the bank statement a deposit in transit should be:
A) added to the general ledger bank balance.
B) subtracted from the general ledger bank balance.
C) added to the bank statement balance in the reconciliation.
D) subtracted from the bank statement balance in the reconciliation.
Correct Answer:

Verified
Correct Answer:
Verified
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