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    Dean Virgil's Avatar
    Dean Virgil Posts: 1, Reputation: 1
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    #1

    May 3, 2008, 10:28 AM
    Accounting
    What is the amount of deposits in transit is included on the bank reconcilliation


    A.is it a deduction from the balance per the depositor's books


    B.a deduction to the balance per bank statement

    C.deduction from the balance per bank statement

    D.addition to the balance per depositor's records
    Nazib's Avatar
    Nazib Posts: 10, Reputation: 2
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    #2

    May 3, 2008, 06:14 PM
    It's the amt send to bank but not yet cleared.. So D. would be right choice
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #3

    May 3, 2008, 10:43 PM
    Well, I meant to disagree on that answer but my mouse click obviously didn't "take." (My mouse gets persnicity sometimes.) We are also not here to just answer people's homework problems for them. It's their work and we shouldn't do it for them, and just giving answers away does help them really learn anything. And multiple choice is obviously homework.
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #4

    May 3, 2008, 10:56 PM
    Dean, please see our guidelines about posting homework problems:

    https://www.askmehelpdesk.com/financ...-b-u-font.html

    We aren't here to just answer the questions for you. We need to see that you've at least made an attempt to try the work yourself. With multiple choice, it's also useful to have an explanation of your thoughts (since you could just guess). Or even just ask specifically what you don't understand. If I can see that you've attempted it, I'm happy to explain it further.
    Nazib's Avatar
    Nazib Posts: 10, Reputation: 2
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    #5

    May 5, 2008, 06:24 PM
    I would like 2 know the answr then... if u morgaine
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #6

    May 5, 2008, 11:05 PM
    Quote Originally Posted by Nazib
    i wud like 2 know the answr then....if u morgaine
    Sent it through PM.
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