📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    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.

    Practice Next
    More Accounts Questions
    ask-question