In reconciling a bank statement,the bank balance is $1 800 and the chequebook balance is $1 205.Which of the following is the MOST probable reason why the bank balance is larger than the book balance?
A)The company erroneously recorded a cheque for an amount less than the actual amount.
B)A deposit in transit was made at the end of the month.
C)There are outstanding cheques.
D)The bank has deducted certain amounts for bank service charges.

Question

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The Answer of In reconciling a bank statement,the bank balance is $1 800 and the chequebook balance is $1 205.Which of the following is the MOST probable reason why the bank balance is larger than the book balance?
A)The company erroneously recorded a cheque for an amount less than the actual amount.
B)A deposit in transit was made at the end of the month.
C)There are outstanding cheques.
D)The bank has deducted certain amounts for bank service charges.

In Reconciling a Bank Statement,the Bank Balance Is $1 800