Directions. Read each sentence carefully and determine whether the statement is True or False.
1. Deposit in transit is a reconciling item added to the unadjusted book balance. 2. Outstanding check is a reconciling item deducted from the unadjusted bank balance.
3. Debit memo is an adjustment to the bank side of the bank reconciliation.
4. Bank service charge is a reconciling item deducted from the unadjusted book balance.
5. Adjusting journal entries are prepared based on the reconciling items on the bank side of the bank reconciliation.
1. Deposit in transit is a reconciling item added to the unadjusted book balance. 2. Outstanding check is a reconciling item deducted from the unadjusted bank balance.
3. Debit memo is an adjustment to the bank side of the bank reconciliation.
4. Bank service charge is a reconciling item deducted from the unadjusted book balance.
5. Adjusting journal entries are prepared based on the reconciling items on the bank side of the bank reconciliation.
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Answer:
1.true
2.true
3.false
4.true
5.true
explanation:
dipo ako sure