A bank statement may _________.
A)show service charges or interest not yet recorded
B)be missing deposits in transit or outstanding checks
C)show automatic payments
D)All the above

Question

Quizplus · Accepted Answer

A bank statement can include service charges or interest that the account holder hasn't recorded yet, reflect automatic payments, and may not yet account for deposits in transit or outstanding checks. These discrepancies are why reconciling the bank statement with the account holder's records is necessary.

A Bank Statement May _________