Which of the following is not an appropriate reason for differences between the cash book balance and the entity's bank statement?

Question

Quizplus · Accepted Answer

Cash payments posted to suppliers accounts are internal transactions and do not affect the bank statement directly. They are related to accounts payable and do not cause a difference between the cash book balance and the bank statement. Differences usually arise from timing differences, errors, or unrecorded transactions directly affecting the bank account.

Which of the Following Is Not an Appropriate Reason for Differences