Multiple Choice
If the balance on the bank statement does not equal the balance in the cash account, then it can be assumed that:
A) The company has no errors in its records concerning the cash account.
B) The bank has made errors in preparing the statement.
C) The company has made errors in is records concerning the cash account.
D) There will be items reconciling the difference.
Correct Answer:
Verified
Correct Answer:
Verified
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