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9 November, 16:03

On a bank reconciliation, deposits added to the bank side are called

A. deposits in transit.

B. late deposits.

C. deposits on hold.

D. outstanding deposits.

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Answers (2)
  1. 9 November, 17:23
    0
    I believe the correct answer from the choices listed above is option A. On a bank reconciliation, deposits added to the bank side are called deposits in transit. A deposit in transit is cash (currency, coins, checks, electronic transfers) that a company has received and is rightfully reported as Cash on its balance sheet.
  2. 9 November, 17:45
    0
    I would go with deposits in transit
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Home » Business » On a bank reconciliation, deposits added to the bank side are called A. deposits in transit. B. late deposits. C. deposits on hold. D. outstanding deposits.
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