Differences Between the Amount of Cash Reported on a Company's

question 53

Multiple Choice

Differences between the amount of cash reported on a company's bank statement and the balance in the company's Cash account before the bank reconciliation are primarily due to:

• A)timing difference in recording transactions.
• B)errors in the accounting process by the company.
• C)differences between the cash basis and accrual basis of accounting.
• D)errors made by the bank.