Question: Indicate what effect each situation will have on the bank reconciliation process. 1. addition to the book balance 2. deduction from the book balance 3.

Indicate what effect each situation will have on the bank reconciliation process.

1. addition to the book balance

2. deduction from the book balance

3. addition to the bank balance

4. deduction from the bank balance.

a) deposit in transit

b) customer's nonsufficient funds (NSF) check

c) note receivable collected by the bank

d) outstanding checks.

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