In reconciling a back statement, the bank balance is 1500,and the checkbook balance is 2105....
80.2K
Verified Solution
Question
Accounting
In reconciling a back statement, the bank balance is 1500,and the checkbook balance is 2105. which of the following is the most probable reason for the checkbook balance being larger than the bank balance?A) The bank received an EFT from a customer.B) The bank has not cleaed certain outstanding checks. C) A deposit in transit was made at the end of the month.D) The bank has added interest revenue to the account balance.
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.