All of the following are true regarding bank statements except A)the bank statement will show a credit for deposits received from a company. B)the bank statement balance will always agree with the company recorded balance. C)the bank statement is a copy of the bank's records sent to the customer for periodic review. D)the bank statement will show a debit if a check is paid for a company issuing the check.

Question

Quizplus · Accepted Answer

The bank statement balance may not always agree with the company's recorded balance due to timing differences, errors, or transactions not yet recorded by the company.

All of the Following Are True Regarding Bank Statements except