A deposit in transit on last periods bank reconciliation is, Financial Accounting

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A deposit in transit on last periods bank reconciliation is

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:

Added to the book balance of cash.

Deducted from the book balance of cash.

Added to the bank balance of cash.

Deducted from the bank balance of cash.

Not included as a reconciling item.

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Financial Accounting: A deposit in transit on last periods bank reconciliation is

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Financial Accounting: A deposit in transit on last periods bank reconciliation is

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