What causes the balance on the bank statement to differ from the cash balance in the general ledger?
A) Time lags.
B) Errors by the bank.
C) Errors by the company.
D) All of these answer choices are correct.

Question

Quizplus · Accepted Answer

The balance on the bank statement can differ from the cash balance in the general ledger due to time lags, errors by the bank, and errors by the company.

What Causes the Balance on the Bank Statement to Differ