A ________ is a document explaining the reasons for the difference between a depositor's cash records and the depositor's cash balance in its bank account.
A)bank statement
B)deposit receipt
C)bank reconciliation
D)remittance advice

Question

Quizplus · Accepted Answer

A bank reconciliation is a document that explains the reasons for the difference between a depositor's cash records and the depositor's cash balance in its bank account. A bank statement is a document from the bank that shows the transactions and balance of the account. A deposit receipt is a proof of deposit given to the depositor. A remittance advice is a document that explains the details of a payment sent by a customer or client.

A ________ Is a Document Explaining the Reasons for the Difference