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Cloud [144]
4 years ago
12

During a bank reconciliation process:

Business
1 answer:
ad-work [718]4 years ago
7 0

Answer:

d.outstanding checks are subtracted and deposits in transit are added to the bank statement balance

explanation:

The goal for the bank reconciliaiton is to adjust for the unknow information:

the outstanidng check are unkins information for the bank which, decreases the bank account balance thus, we need to decrease them

The deposit in transit are also information unknow for the bank Thus, we have to increase the bank balance as this deposits once completed will increase the balance.

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