Question

Typically, your monthly checking account statement balance will be different from the balance in your check register. Which of the following is likely the reason for this difference
a. You've completed some transactions during the time period between when the statement was printed and when it was received by you
b. Each one is generated by a different person different
c. There is a compilation mistake by the bank
d. None of the above

Answer 1

Answer:

a. You've completed some transactions during the time period between when the statement was printed and when it was received by you

Explanation:

The balance on the check register and that shown for the business in its account statement, at a point in time, will rarely be the same.

Differences might be caused by any of the following:

Items recorded in the check register are not (yet) shown in the account statement.

Items in the account statement that have not been recorded in the check register.

Based on the above discussion, the answer shall be a. You've completed some transactions during the time period between when the statement was printed and when it was received by you