A company made a bank deposit on September 30 that did not appear on the bank statement dated September 30.In preparing the September 30 bank reconciliation,the company should:
A)deduct the deposit from the bank statement balance.
B)send the bank a debit memorandum.
C)deduct the deposit from the September 30 book balance and add it to the October 1 book balance.
D)add the deposit to the end cash balance per bank statement.

Question

Quizplus · Accepted Answer

Deposits in transit should be added to the end cash balance per bank statement to arrive at the up-to-date ending cash balance.

A Company Made a Bank Deposit on September 30 That