All of the following are items that cause a difference between the bank balance and the book balance except

Question

Quizplus · Accepted Answer

Canceled checks do not cause a difference between the bank balance and book balance as they have already been paid by the bank and recorded in the book balance. The other options can cause a difference between the two balances. NSF checks and bank service charges reduce the bank balance but are not yet recorded in the book balance, while deposits in transit and outstanding checks increase the book balance but are not yet reflected in the bank balance.

All of the Following Are Items That Cause a Difference