Business, 30.03.2020 19:15 jkw1222p0ttvq

Which one of the statements below is true? Deposits in transit are deducted from the balance per the bank statement, and outstanding checks are added to the balance per the bank statement during the bank reconciliation process. Both deposits in transit and outstanding checks are added to the balance per the bank statement during the bank reconciliation process. Both deposits in transit and outstanding checks are deducted from the balance per the bank statement during the bank reconciliation process. The deposits in transit are added to the balance per the bank statement, and outstanding checks are deducted from the balance per the bank statement during the bank reconciliation process.

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Which one of the statements below is true? Deposits in transit are deducted from the balance per the...

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