Question: How should a deposit in transit be treated on a bank reconciliation? 1, Addition to the book balance 2, Deduction from the book balance 3,

How should a deposit in transit be treated on a bank reconciliation?

1,

Addition to the book balance
2,

Deduction from the book balance
3,

Addition to the bank statement balance
4,

Deduction from the bank statement balance
5,

None of the above

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