If the cash balance shown in a company's accounting records is less than the correct cash balance, and neither the company nor the bank has made any errors, there must be

Name: If the cash balance shown in a company's accounting records is less than the correct cash balance, and neither the company nor the bank has made any errors, there must be
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Question

Quizplus · Accepted Answer

Deposits credited by the bank but not yet recorded by the company would cause the company's records to show a lower cash balance than the bank's records.

If the Cash Balance Shown in a Company's Accounting Records