Differences Between the Amount of Cash Reported on a Company's

question 167

Multiple Choice

Differences between the amount of cash reported on a company's bank statement and the balance in the company's cash account before the bank reconciliation are primarily due to:

• A) errors in the accounting process by the company.
• B) errors made by the bank.
• C) differences between the cash basis and accrual basis of accounting.
• D) the timing difference in recording transactions.

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