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

question 154

Multiple Choice

In reconciling a bank statement,the bank balance is $1,800 and the checkbook 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 checks.
• 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 check for an amount less than actual.

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An individual who has successfully completed a degree program at a college or university.

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The lowest legal wage that can be paid to most workers, set by law to protect workers from exploitation.

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