If the balance on the bank statement does not equal the balance in the company's Cash account, then you can conclude that:

Question

Quizplus · Accepted Answer

If the balances do not match, it means there are some reconciling items such as outstanding checks, deposits in transit, bank fees or interest that can result in the difference between the balances. Therefore, identifying these items will explain the difference between the balances.

If the Balance on the Bank Statement Does Not Equal