When preparing a bank reconciliation,a deposit outstanding would be:
A)Added to the company's cash balance.
B)Added to the bank's cash balance.
C)Subtracted from the company's cash balance.

Question

Quizplus · Accepted Answer

Outstanding deposits are amounts that have been received and recorded by the company but not yet reflected on the bank's statement. Therefore, they are added to the bank's cash balance in a bank reconciliation to match the company's records.

When Preparing a Bank Reconciliation,a Deposit Outstanding Would Be