If a company's records show a different cash balance from that shown on the company's bank statement,either the company or the bank has made an error.

Question

Quizplus · Accepted Answer

Differences between a company's cash balance on its books and the balance shown on the bank statement can arise due to timing differences (e.g., outstanding checks, deposits in transit) and not necessarily because of errors by the company or the bank.

If a Company's Records Show a Different Cash Balance from That