In a bank reconciliation,a deposit in transit will be shown on the bank side of the reconciliation.

Name: In a bank reconciliation,a deposit in transit will be shown on the bank side of the reconciliation.
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Quizplus · Accepted Answer

A deposit in transit is a deposit that has been made by the company but has not yet been recorded by the bank. Therefore, it will be shown on the bank statement but not on the company's books, which is why it will be shown on the bank side of the reconciliation.

In a Bank Reconciliation,a Deposit in Transit Will Be Shown