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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?
Process Costing
An accounting methodology applied where production is continuous, assigning costs to units of product on the basis of process they go through.
Customized Products
Items or services tailored to meet the specific needs or preferences of individual customers.
Job Order Production
A production process used for making custom or specialized products in limited quantities upon receipt of a specific order.
Custom Jewelry
Jewelry made to a customer's specific requirements and preferences.
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