Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 47 - No. 44)
Which of the following is *not* a common reason for differences between the cash balance per the bank and the cash balance per the company's books?
Outstanding checks
Deposits in transit
Bank service fees
Sales revenue from cash sales
Explanation
Sales revenue from cash sales will be recorded on both the bank statement and the company's books.
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