Differences between the balance the bank reports on the bank statement and the balance the business shows in its accounting records usually arise for which of the following two reasons: (Check all that apply)   Check All That Apply Closing entries have been made Closing entries have been made Errors (bank errors or company errors) Errors (bank errors or company errors) Adjusting entries have been made twice Adjusting entries have been made twice Timing differences between when the bank records and when the company records an ite

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Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.