If the balance shown on a company\'s bank statement is less than the correct cas

Question

If the balance shown on a company's bank statement is less than the correct cash balance, and neither the company nor the bank has made any errors, there must be
a. deposits credited by the bank but not yet recorded by the company.
b. outstanding checks.
c. bank charges not yet recorded by the company.
d. deposits in transit.

ANS: ___________
5. If the cash balance shown in a company's accounting records is less than the correct cash balance, and neither the company nor the bank has made any errors, there must be
a. outstanding checks.
b. deposits in transit.
c. deposits credited by the bank but not yet recorded by the company.
d. bank charges not yet recorded by the company.

Explanation / Answer

(a) deposits crecited by the bank but not yet recorded by the company

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