In Reconciling a Bank Statement, the Bank Balance Is $1,800

question 21

Multiple Choice

In reconciling a bank statement, the bank balance is $1,800 and the chequebook balance is $1,205. Which of the following is the MOST probable reason why the bank balance is larger than the book balance?

• A)There are outstanding cheques.
• 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 cheque for an amount less than actual.

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