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ifferences between the amount of cash reported on a company’s bank statement and the balance in the company’s Cash account before the bank reconciliation are primarily due to: A) errors in the accounting process by the company. B) errors made by the bank. C) differences between the cash basis and accrual basis of accounting. D) the timing difference in recording transactions.

ifferences between the amount of cash reported on a company’s bank statement and the balance in the company’s Cash account before the bank reconciliation are primarily due to: A) errors in the accounting process by the company. B) errors made by the bank. C) differences between the cash basis and accrual basis of accounting. D) the timing difference in recording transactions.

College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter6: Bank Accounts, Cash Funds, And Internal Controls
Section: Chapter Questions
Problem 3QY: Which of the following does not explain the differences between the bank statement balance and the...
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ifferences between the amount of cash reported on a company’s bank statement and the balance in the
company’s Cash account before the bank reconciliation are primarily due to:


A) errors in the accounting process by the company.
B) errors made by the bank.
C) differences between the cash basis and accrual basis of accounting.
D) the timing difference in recording transactions.

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