What Causes the Balance on the Bank Statement to Differ

question 140

Multiple Choice

What causes the balance on the bank statement to differ from the cash balance in the accounting records?

• A)Time lags.
• B)Errors by the bank.
• C)Errors by the company.
• D)All of these answer choices are correct.

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Definitions:

La Niña

A climate pattern characterized by cooler than average sea surface temperatures in the central and eastern tropical Pacific Ocean, influencing global weather patterns.

Moist Air

Air that contains a high level of water vapor, often leading to higher humidity levels and affecting weather patterns and human comfort.

Precipitation

Any water substance, whether solid or liquid, that comes down from the clouds and touches the Earth, encompassing rain, snow, sleet, and hail.

Greenhouse Effect

The warming of Earth's surface and lower atmosphere caused by the presence of certain gases in the air which trap energy from the sun.