Question on: SS2 Accounting - Causes of Discrepancies Between Cash Book And Bank Statement
What steps can be taken to identify the cause of a discrepancy between the cash book and bank statement?
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The steps that can be taken to identify the cause of a discrepancy between the cash book and bank statement include reviewing both records for errors or omissions, verifying the timing of transactions, checking for outstanding checks or deposits, and investigating potential fraud or theft.
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