In Reconciling a Bank Statement,the Bank Balance Is $2,100,and the Checkbook

question 239

Multiple Choice

In reconciling a bank statement,the bank balance is $2,100,and the checkbook balance is $2,001.Which of the following is the most probable reason for the bank balance being larger than the book balance?

• A) There are outstanding checks.
• B) The bank has deducted certain amounts for bank service charges.
• C) A deposit in transit was made at the end of the month.
• D) The company erroneously recorded a check for an amount less than the actual amount.

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Definitions:

Customer's Business

The specifics of a client's industry, company operations, and market challenges, essential for tailoring sales approaches.

Account Penetration

A measure of how deeply a supplier or service provider has engaged with a customer account, typically aiming for a wide range of product or service adoption within the account.

Buyer To Close

A sales technique in which the salesperson encourages the buyer to make the final decision to complete the purchase.

Commitment To Buy

A customer's decision or promise to purchase a product or service, often before the actual transaction occurs.