All of the following are reasons why a transaction may have been reflected in the company's accounting records but not by the bank,except A)a cheque has been written but the receiving company did not deposit it yet. B)bank has charged service fees. C)the company made a deposit on the last day of the month. D)the company recorded a payment received however forgot to deposit the cheque.

Question

Quizplus · Accepted Answer

Bank charges such as service fees are typically recorded by the bank first and may not be immediately reflected in the company's accounting records until the company reconciles its bank statement and records the fees. This is the opposite of the scenario described in the question, making it the correct answer.

All of the Following Are Reasons Why a Transaction May