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Business, 29.12.2019 00:31 gd9075

From the bank reconciliation, no entry was recorded for deposits in transit. this would cause

a. assets to be overstated.
b. assets to be understated.
c. no impact since deposits in transit are already included in the balance per books.
d. no impact since deposits aren’t recorded on the book

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Answers: 1

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From the bank reconciliation, no entry was recorded for deposits in transit. this would cause
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