A bank statement provided by the bank includes:
A) A list of outstanding checks.
B) A list of petty cash amounts.
C) A listing of deposits in transit.
D) A reconciliation to the depositor cash account.
E) The beginning and the ending balance of the depositor's account.

Question

Quizplus · Accepted Answer

A bank statement provided by the bank typically includes the beginning and ending balance of the depositor's account, which is necessary information for the depositor to reconcile their own cash account. While the bank may provide information about outstanding checks, deposits in transit, and other transactions, these are not always included on every bank statement. Petty cash amounts are typically not included on a bank statement.

A Bank Statement Provided by the Bank Includes