Accounting - Financial Reporting
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Question 11
When preparing a bank reconciliation for the purpose of arriving at the correct cash balance
Choose one answer.
a. outstanding checks can be added to the balance per books.
b. NSF checks should be deducted from the balance per books.
c. deposits in transit are deducted from the balance per bank.
d. notes collected by the bank should be added to the balance per bank.
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The expert examines financial reporting for accounting.
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