Outstanding checks, deposits in transit, deductions for bank fees, additions for interest, and errors are all factors that can cause the bank statement balance for a checking account to be different from the company's checking account balance.

True
False

The answer is true.

Explanation:

These factors can be categorizes in to several categories.

The time-related factors are Outstanding checks and deposits in transit. That means the related parties have initiated the transaction but due to the system of functioning, it takes time for the transaction to complete.

The other is human errors. Which can be error committed voluntarily or involuntarily at the hands of the people.

Making necessary adjustments and matching these differences is vital to keep check on the available.money balance in the business.

a

b

b

a

c

b

d

d

none of these are correct, as they are all sources of american law

a

answertrue;