Question
4. As an intern you were assigned to assist accountant who keeps records of cash receipts and payments and were asked to perform bank reconciliation.
| 4. As an intern you were assigned to assist accountant who keeps records of cash receipts and payments and were asked to perform bank reconciliation. You are confused about the lack of agreement between the cash balance per books and the balance per bank. | |
| a. Explain the two possible causes for the lack of agreement. |
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Financial and managerial accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
1st edition
111800423X, 9781118233443, 1118016114, 9781118004234, 1118233441, 978-1118016114
