matching question\nidentify the factors that cause the bank statement balance to differ from the depositors…

matching question\nidentify the factors that cause the bank statement balance to differ from the depositors book balance by matching each to its definition on the right.\ninstructions\noutstanding check\ndeposit in transit\nnsf check\nbank charges

matching question\nidentify the factors that cause the bank statement balance to differ from the depositors book balance by matching each to its definition on the right.\ninstructions\noutstanding check\ndeposit in transit\nnsf check\nbank charges

Answer

Brief Explanations:

  • Outstanding check: A check issued by the depositor but not yet presented to the bank for payment.
  • Deposit in transit: A deposit made by the depositor but not yet recorded by the bank.
  • NSF check: A check that is returned due to insufficient funds in the account of the check - writer.
  • Bank charges: Fees charged by the bank for services such as account maintenance.

Answer:

  • Outstanding check: A check issued by the depositor but not yet presented to the bank for payment.
  • Deposit in transit: A deposit made by the depositor but not yet recorded by the bank.
  • NSF check: A check that is returned due to insufficient funds in the account of the check - writer.
  • Bank charges: Fees charged by the bank for services such as account maintenance.