How is a deposit in transit reflected on the bank reconciliation?
How is a deposit in transit reflected on the bank reconciliation? Deposits in Transit must be added to the bank side of the reconciliation because they have been added to the book side when the deposits were recorded by the company. Bank service charges are subtracted from the book balance since they are a decrease … Continue reading How is a deposit in transit reflected on the bank reconciliation?
Copy and paste this URL into your WordPress site to embed
Copy and paste this code into your site to embed