Economics · Bank Reconciliation Statement
What is the treatment of 'Deposit in transit' while preparing a Bank Reconciliation Statement starting from the Cash Book balance?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Added to the Cash Book Balance
- 2Subtracted from the Cash Book Balance
- 3Subtracted from Bank Balance as per Bank Statement
- 4Added to Bank Balance as per Bank Statement✓
Correct answer
Added to Bank Balance as per Bank Statement
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