In Reconciling a Bank Statement,the Bank Balance Is $1,500,and the Checkbook

question 236

Multiple Choice

In reconciling a bank statement,the bank balance is $1,500,and the checkbook balance is $2,105.Which of the following is the most probable reason for the checkbook balance being larger than the bank balance?

• A) The bank has not cleared certain outstanding checks.
• B) The bank has added interest revenue to the account balance.
• C) A deposit in transit was made at the end of the month.
• D) The bank received an EFT from a customer.

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Principle

A fundamental truth or proposition that serves as the foundation for a system of belief or behavior.

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