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Which One of the Following is True, regarding a Bank Reconciliation ? ...

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Accounting

Which One of the Following is True, regarding a Bank Reconciliation ?
an NSF Check from a Customer will be subtracted from the Bank Statement
Balance on the Bank Reconciliation.
The Adjusted Bank Balance and the Adjusted GL Book Balance should never equal each other.
a Deposit we made that has not yet been recorded by the Bank in Considered a
"Deposit in Transit"
a Check that we wrote and Recorded and has been cleared and paid by the Bank is Called an "Outstanding Check"

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