To arrive at an accurate balance on a bank reconciliation statement, deposits in transit should be:

Name: To arrive at an accurate balance on a bank reconciliation statement, deposits in transit should be:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Deposits in transit are amounts that have been recorded by the company but not yet reflected on the bank statement. Therefore, to reconcile the bank statement balance with the company's records, these deposits should be added to the bank statement balance.

To Arrive at an Accurate Balance on a Bank Reconciliation