A bank statement provided by the bank includes:
A)A list of outstanding checks.
B)A list of petty cash amounts.
C)The beginning and the ending balance of the depositor's account.
D)A listing of deposits in transit.
E)A reconciliation to the depositor cash account.

Question

Quizplus · Accepted Answer

A bank statement includes the beginning and ending balance of the depositor's account, as well as transactions that have cleared during the statement period. It does not include a list of outstanding checks or deposits in transit, which the depositor must reconcile themselves. Petty cash amounts are typically handled separately from a bank account and would not be included on a bank statement. A reconciliation to the depositor's cash account is something that the depositor would prepare themselves in order to ensure that their records match the bank's records.

A Bank Statement Provided by the Bank Includes