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Which of statements in relation to bank reconciliation true

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Problem 1: Which of the following statements in relation to bank reconciliation is true?

a. The cash amount reported in the statement of financial position must be the balance reported in the bank statement.
b. Outstanding checks will cause the cash balance per ledger to be greater than the balance reported by the bank, all other things being equal
c. Credit memos will cause the cash balance per ledger to be higher than that reported by the bank, all other things being equal.
d. Bank service charge will cause the cash balance per ledger to be higher than that reported by the bank, all other things being equal.

Reference no: EM133009793

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