Multiple Choice
In reconciling a bank statement,the bank balance is $1000 and the checkbook balance is $1205.Which of the following is the MOST probable reason why the checkbook balance is larger than the bank balance?
A) The bank has not cleared certain checks.
B) The bank has added interest revenue to the account balance.
C) A deposit in transit was made at the end of the month.
D) The bank received an EFT from a customer.
Correct Answer:
Verified
Correct Answer:
Verified
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