Which of the following is not a factor in getting bank and book balances to reconcile?
A)Outstanding checks
B)Deposits for cash
C)Deposits in transit
D)Bank service charges

Question

Quizplus · Accepted Answer

Deposits for cash are typically recorded on both the bank statement and in the company's books, so they should not cause a reconciliation difference between the two balances. Outstanding checks, deposits in transit, and bank service charges are all factors that can cause differences between the bank and book balances and need to be taken into account when reconciling.

Which of the Following Is Not a Factor in Getting