If a company's records show a different cash balance from that shown on the company's bank statement,either the company or the bank has made an error.
BT: Comprehension

Question

Quizplus · Accepted Answer

Differences between a company's cash balance and the bank statement can occur due to timing differences, such as outstanding checks or deposits in transit, not necessarily errors by the company or the bank.

If a Company's Records Show a Different Cash Balance from That