logo
menu
Sign up
  1. Topics
  2. Business
  3. Financial Accounting
  4. Quiz 6: Reporting and Interpreting Sales Revenue,receivables,and Cash

A Deposit in Transit in a Bank Reconciliation Should Be: A)added

Question 75
Multiple Choice

A deposit in transit in a bank reconciliation should be: A)Added to the depositor's book cash balance. B)Subtracted to the depositor's book cash balance. C)Added to the bank statement balance. D)Subtracted from the bank statement balance.

Related questions
Q 76
CHS Company has just finished preparing its bank reconciliation.If CHS did everything correctly,which items would have been included as an addition to the company's cash account? A)Deposits in transit. B)Interest received. C)Outstanding checks. D)ATM and check printing fees.
Q 77
Dally Company has just finished preparing its bank reconciliation.If everything was done correctly,which of the following items would be reported as a deduction from the company's ending balance per the bank? A)Deposits in transit. B)Service Fees. C)Outstanding checks. D)NSF checks.
Q 78
Linetech Company's bank statement showed an ending balance of $8,000.Items appearing in the bank reconciliation included: outstanding checks,$500;deposits in transit,$1,000;bank service charges,$50;and Driver Company's $250 check erroneously deducted from Linetech's bank account by the bank.What is the correct cash balance at the end of the month? A)$10,600. B)$8,750. C)$8,500. D)$8,250.
logo
QuizPlus
  • About
  • How it work
  • Pricing
Links
  • Privacy Policy
  • Terms And Conditions
  • Refund Policy
Contact Us
  • info@quizplus.com
© 2020 QuizPlus. All Right Reserved