Question: If the balance on the bank statement does not equal the balance in the company's Cash account, then you can conclude that: 2 points A
If the balance on the bank statement does not equal the balance in the company's Cash account, then you can conclude that:
points
A the company accountant made an error in the accounting process
B the bank made an error
C both the company accountant and the bank made errors
D there are some reconciling items that, when identified, will explain the differences between the balances
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
