Question

What are four things that may appear in the Bank Statement but not in the business's cash journals?

A) Loan payments, bank fees, interest income, checks cleared.
B) Petty cash expenses, salary payments, check deposits, ATM withdrawals.
C) Employee reimbursements, customer payments, check disbursements, account transfers.
D) Credit card payments, supplier invoices, account transfers, loan disbursements.

Answer 1

Four things that may appear in the Bank Statement but not in the business's cash journals are loan payments, bank fees, interest income, and checks cleared.

Step-by-step explanation:

Four things that may appear in the Bank Statement but not in the business's cash journals are:

1. Loan payments: When a business pays back a loan, it will be recorded in the bank statement but not in the cash journals.
2. Bank fees: Any fees charged by the bank, such as monthly service fees or overdraft fees, will be reflected in the bank statement.
3. Interest income: If the business earns interest on its deposits in the bank account, it will appear in the bank statement as interest income.
4. Checks cleared: When checks written by the business are cashed or deposited by the recipients, it will be recorded in the bank statement as checks cleared.