Which of the following situations would normally be discovered by testing the bank reconciliation?
A)Failure to bill a customer.
B)Failure to include a deposit in transit on the bank reconciliation.
C)Duplicate payment of a vendor's invoice.
D)Payment to an employee for more hours than she worked.

Question

Quizplus · Accepted Answer

Failure to include a deposit in transit on the bank reconciliation would result in a difference between the bank balance and the book balance. This discrepancy would be identified during the bank reconciliation process. The other options listed would not necessarily be identified through the bank reconciliation process.

Which of the Following Situations Would Normally Be Discovered by Testing