Solved

In Reconciling a Bank Statement, the Bank Balance Is $1

Question 39

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:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions