Answered: It is probable that the Cash balance…

It is probable that the Cash balance will vary from the sum on the bank statement. Which two reasons are most likely to be at the root of the discrepancy in results

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter8: Fraud, Internal Controls, And Cash

Section: Chapter Questions

Problem 13Q: What should be done if differences are found between the bank statement and the book account?

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It is probable that the Cash balance will vary from the sum on the bank statement. Which two reasons are most likely to be at the root of the discrepancy in results?

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