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    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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    https://brainmass.com/business/financial-accounting-bookkeeping/accounting-financial-reporting-395152

    Solution Summary

    The expert examines financial reporting for accounting.

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