जॉइन Examsbookउत्तर : 2. "added to the bank balance"
On a bank reconciliation, deposits in transit are5
प्र: On a bank reconciliation, deposits in transit are
- 1added to the book balancefalse
- 2added to the bank balancetrue
- 3deducted from the book balancefalse
- 4None of the abovefalse
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उत्तर : 2. "added to the bank balance"
व्याख्या :
Answer: B) added to the bank balance Explanation: A deposit in transit is cash (currency, coins, checks, electronic transfers) that a company has received and is rightfully reported as Cash on its balance sheet, but does not appear on the bank statement until a later date.