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The Balance on the Bank Statement Does NOT Equal the Balance

Question 46

Multiple Choice

The balance on the bank statement does NOT equal the balance per the company's records.What can be assumed from this?


A) The company has no errors in its records concerning the cash account.
B) The bank has made errors in preparing the bank statement.
C) The company has made errors in its records concerning the cash account.
D) There will be items reconciling the difference.

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