A bank reconciliation will identify all of the following except?
A)Unrecorded bank service charges
B)Double Payment of a bill
C)Outstanding Check
D)Deposits in Transit

Question

Quizplus · Accepted Answer

A bank reconciliation will typically identify unrecorded bank service charges, outstanding checks, and deposits in transit. However, it may not necessarily identify a double payment of a bill, as this error would typically be discovered by reviewing the company's internal records and payment history.

A Bank Reconciliation Will Identify All of the Following Except