Multiple Choice
In reconciling a bank statement, the bank balance is $1 000 and the chequebook balance is $1 205. Which of the following is the MOST probable reason why the chequebook balance is larger than the bank balance?
A) The bank received an EFT from a customer.
B) The bank has added interest revenue to the account balance.
C) The bank has not cleared certain cheques.
D) A deposit in transit was made at the end of the month.
Correct Answer:

Verified
Correct Answer:
Verified
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