All of the following are items that cause a difference between the bank balance and the book balance except:
A)cancelled cheques.
B)deposits in transit.
C)outstanding cheques.
D)NSF cheques.

Question

Quizplus · Accepted Answer

Cancelled cheques do not cause a difference between the bank balance and the book balance because they have been processed by the bank and are already reflected in the bank statement.

All of the Following Are Items That Cause a Difference