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When Preparing a Bank Reconciliation What Would Cause the Bank

question 30

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When preparing a bank reconciliation what would cause the bank statement balance to be less than the adjusted cash balance in the general ledger? (Assume the bank is not in overdraft.)


Definitions:

Median

The middle value in a data set when it is arranged in ascending or descending order, effectively dividing the data set in half.

Set Of Data

A collection of values or observations, that can be analyzed to find patterns and draw conclusions.

Mode

The number that has the highest frequency of occurrence in data.

Frequency Distribution

A statistical representation showing the number of occurrences of each unique value in a dataset.

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