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Author Question: From the bank reconciliation no entry was recorded for deposits in transit. This would cause (Read 97 times)

storky111

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From the bank reconciliation no entry was recorded for deposits in transit. This would cause
◦ assets to be overstated.
◦ assets to be understated.
◦ no impact since deposits are not recorded on the books.
◦ no impact since deposits in transit are already included in the balance per books.


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Marked as best answer by storky111 on Nov 11, 2019

kusterl

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storky111

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Reply 2 on: Nov 11, 2019
Excellent


Dinolord

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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