Multiple Choice
In reconciling a bank statement, the bank balance is $1000 and the checkbook balance is $1205. What is a probable reason why the checkbook balance is larger than the bank balance?
A) Bank has not cleared certain checks
B) Bank has made a posting error
C) Deposit in transit has not been recorded
D) None would be a probable reason
Correct Answer:
Verified
Correct Answer:
Verified
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