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    Question

    What are the reasons for differences between the bank

    balance and book balance?
    A Outstanding checks Correct Answer Incorrect Answer
    B Deposits in transit Correct Answer Incorrect Answer
    C Bank errors Correct Answer Incorrect Answer
    D All of the above Correct Answer Incorrect Answer

    Solution

    Differences between the bank balance and book balance can be due to outstanding checks, deposits in transit, and bank errors.

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