In Reconciling a Bank Statement, the Bank Balance Is $1000

question 1

Multiple Choice

In reconciling a bank statement, the bank balance is $1000 and the chequebook balance is $1205. Which of the following is the MOST probable reason why the chequebook balance is larger than the bank balance?

• A)The bank has not cleared certain cheques.
• 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.

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