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Checks Written by a Company, but Not Yet Paid by the Bank

Question 3

Multiple Choice

Checks written by a company, but not yet paid by the bank, appear on the bank reconciliation as and are called _ .


A) an addition to the bank balance; checks in transit
B) deductions from the bank balance; outstanding checks
C) deductions from the bank balance; checks in transit
D) These checks would not appear on the bank reconciliation.

Correct Answer:

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