In a reconciliation, what must you do if there are deposits made after the closing date of the statement?(1 point)

Question

Responses

Deposits made after the closing date of the statement should be added to the closing balance of the statement.
Deposits made after the closing date of the statement should be added to the closing balance of the statement.

Deposits should be subtracted from the opening balance of the statement.
Deposits should be subtracted from the opening balance of the statement.

Deposits should be subtracted from the closing balance of the statement.
Deposits should be subtracted from the closing balance of the statement.

Deposits should be subtracted from the external register because they were rejected by the bank.

Answer 1

In a reconciliation, if there are deposits made after the closing date of the statement, those deposits should be added to the closing balance of the statement.

Therefore, the correct response is: Deposits made after the closing date of the statement should be added to the closing balance of the statement.