In reconciling a bank statement, the bank balance is $1 000 and the chequebook balance is $1 205. Which of the following is the MOST probable reason why the chequebook balance is larger than the bank balance?
A)The bank received an EFT from a customer.
B)The bank has added interest revenue to the account balance.
C)The bank has not cleared certain cheques.
D)A deposit in transit was made at the end of the month.

Question

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The Answer of In reconciling a bank statement, the bank balance is $1 000 and the chequebook balance is $1 205. Which of the following is the MOST probable reason why the chequebook balance is larger than the bank balance?
A)The bank received an EFT from a customer.
B)The bank has added interest revenue to the account balance.
C)The bank has not cleared certain cheques.
D)A deposit in transit was made at the end of the month.

In Reconciling a Bank Statement, the Bank Balance Is $1