In Reconciling a Bank Statement,the Bank Balance Is $2,100,and the Checkbook

question 239

Multiple Choice

In reconciling a bank statement,the bank balance is $2,100,and the checkbook balance is $2,001.Which of the following is the most probable reason for the bank balance being 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 the actual amount.

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Definitions:

Holding Office

The term refers to the duration or period in which an individual serves in a particular position or office.

Landed Gentry

Refers to the class of wealthy landowners in Britain who held significant social status but did not possess titles of nobility.

Republicanism

A political ideology centered around the concept of a republic, where the government is a public matter and the public matters are decided by elected representatives of the population.

Public Life

The aspect of life concerned with public affairs, government, and the communal interests of society, as opposed to private or personal life.