Multiple Choice
In reconciling a bank statement,the bank balance is $1,500,and the checkbook balance is $2,105.Which of the following is the most probable reason for the checkbook balance being larger than the bank balance?
A) The bank has not cleared certain outstanding 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
Q231: Journal entries are required if the bank
Q232: The Sarbanes-Oxley Act was passed by the
Q233: A _ is a document explaining the
Q234: Cash in the bank is more liquid
Q235: The following information is needed to
Q237: Which of the following is a benefit
Q238: Concerning how companies control cash received
Q239: In reconciling a bank statement,the bank balance
Q240: Proceeds from credit and debit card transactions
Q241: It is difficult and costly to plan