In a bank reconciliation, when the bank statement shows a credit balance, outstanding deposits are: (a) deducted

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In a bank reconciliation, when the bank statement shows a credit balance, outstanding deposits are:

(a) deducted from the business records balance.

(b) added to the business records balance.

(c) added to the balance as per bank statement.

(d) deducted from the balance as per bank statement.

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Financial Accounting Reporting, Analysis And Decision Making

ISBN: 9780730363279

6th Edition

Authors: Shirley Carlon

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Question Posted: May 09, 2024 08:55 AM

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In a bank reconciliation, when the bank statement shows a credit balance, outstanding deposits are: (a) deducted

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Financial Accounting Reporting, Analysis And Decision Making

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