Multiple Choice
In reconciling a bank statement,the bank balance is $1 800 and the chequebook balance is $1 205.Which of the following is the MOST probable reason why the bank balance is larger than the book balance?
A) The company erroneously recorded a cheque for an amount less than the actual amount.
B) A deposit in transit was made at the end of the month.
C) There are outstanding cheques.
D) The bank has deducted certain amounts for bank service charges.
Correct Answer:
Verified
Correct Answer:
Verified
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