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If the balance shown on a company's bank statement is less than the correct cash balance, and neither the company nor the bank has made any errors, there must be:

a. Deposits credited by the bank but not yet recorded by the company.

b. Outstanding checks.

c. Bank charges not yet recorded by the company.

d. Deposits in transit.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9440484

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