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:

Disease

A disorder or malfunction that affects the body or mind, leading to symptoms, dysfunction, and distress.

Quantitative Analysis

A method of inquiry employing statistical, mathematical, or computational techniques to examine properties or phenomena and express results numerically.

Qualitative Analysis

In microbiology, identification of bacteria present in a specimen by the appearance of colonies grown on a culture plate.

Substances

Materials or compounds that have a distinct physical presence and chemical composition.