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The primary reason the balance of cash in the company s records will differ from the balance of cash in the bank s records includes:
The primary reason the balance of cash in the companys records will differ from the balance of cash in the banks records includes:
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Accounting errors made by the bank.
Accounting errors made by the company.
Cash theft by the companys employees.
Timing differences of recording cash transactions by the company and by the bank.
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