11. Tine withdrew from his current bank account the sum of P120,000 and exchanged it for the bank’s certified check in payment of obligation. In the preparation of the bank reconciliation of Tine, the outstanding certified check of P120,000 should be: A. included among the outstanding checks B. included among the deposits in transit C. ignored D. answer not given

11. Tine withdrew from his current bank account the sum of P120,000 and exchanged it for the bank’s certified check in payment of obligation. In the preparation of the bank reconciliation of Tine, the outstanding certified check of P120,000 should be: A. included among the outstanding checks B. included among the deposits in transit C. ignored D. answer not given

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter6: Bank Accounts, Cash Funds, And Internal Controls

Section: Chapter Questions

Problem 3E

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