Which of the following would NOT be a reason for the difference between the bank balance in a business' accounting records and the balance per the bank statement?
A) deposits in transit.
B) outstanding cheques.
C) charges made directly by the bank.
D) the bank balance at the end of the previous period.

Question

Quizplus · Accepted Answer

bank balance itself is not a reason for the difference, differences may come from deposits in transit, outstanding payments, deposits or charges made directly by the bank

Which of the Following Would NOT Be a Reason for the Difference