In preparing a bank reconciliation,the amount of deposits in transit is deducted from the balance per depositor's records.

Name: In preparing a bank reconciliation,the amount of deposits in transit is deducted from the balance per depositor's records.
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Deposits in transit are added to the balance per bank statement, not deducted from the balance per depositor's records, as they represent amounts not yet recorded by the bank.

In Preparing a Bank Reconciliation,the Amount of Deposits in Transit