Outstanding checks, deposits in transit, and bank service charges are added to the beginning balance of the bank statement to determine the adjusted bank balance.
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Q48: It is generally not necessary for businesses
Q49: After preparing a bank reconciliation, adjustments must
Q50: Outstanding checks are checks the bank has
Q51: Approved vouchers are recorded in a journal
Q52: A receiving report is a document used
Q54: The Petty Cash account is a separate
Q55: Deposits in transit are deposits made and
Q56: A purchase order is a document the
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Q58: A bank reconciliation explains any differences between
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