In the reconciliation of the June bank statement,a deposit made on June 30 did not appear on the June bank statement.In preparing the bank reconciliation,this deposit in transit should be:
A)subtracted from the unadjusted book balance.
B)added to the unadjusted book balance.
C)subtracted from the unadjusted bank balance.
D)added to the unadjusted bank balance.

Question

Quizplus · Accepted Answer

A deposit in transit is added to the unadjusted bank balance because it has been recorded in the company's books but not yet reflected in the bank statement.

In the Reconciliation of the June Bank Statement,a Deposit Made