If the Balance on the Bank Statement Does Not Equal

question 175

Multiple Choice

If the balance on the bank statement does not equal the balance per the company's records, then it can be assumed that

• 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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Definitions:

Row A

The first row in a spreadsheet or table, often used for headers or titles.

Column Heading

The title or label of a column in a table or spreadsheet, indicating the nature of the data it contains.

Delete

The action of removing or erasing data, files, documents, or other digital content from a storage medium.

Worksheet Column

A vertical series of cells in a spreadsheet.