Which of These Is NOT One of the Most Common

question 35

Multiple Choice

Which of these is NOT one of the most common reasons for differences between the bank cash balance and the book cash balance?

• A) Accounting errors
• B) Deposits in transit
• C) Time period differences
• D) All of these are common reasons

---

Definitions:

Unit Price

The cost per quantity of an item, allowing consumers to compare costs in a standardized way, facilitating more informed purchasing decisions.

Testamentary Trust

A trust created by a will that becomes effective upon the death of the person who created it.

Settlor's Death

The event of the death of an individual who has established a trust, potentially triggering changes in the management or distribution of the trust's assets.

Spendthrift Trust

A type of trust that is created to prevent the beneficiary's assets from being squandered or from being claimed by creditors by providing restricted access to the trust assets.