Which of the following items would cause the balance of cash in the bank statement to be greater than the balance of cash in the accounting records?
A)The company wrote checks that have not cleared the bank.
B)The company purchased supplies using a debit card.
C)The company has cash receipts that have not been deposited in the bank.

Question

Quizplus · Accepted Answer

Outstanding checks (checks written by the company that have not yet cleared the bank) would cause the bank statement balance to be greater than the balance in the accounting records.

Which of the Following Items Would Cause the Balance of Cash