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

question 17

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

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Definitions:

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