MCQs>Finance & Management>QuickBooks>Last month you successfully reconciled your checking account, but when you try to reconcile this month, the beginning balance calculated by QuickBooks is different from the beginning balance according to the bank. What might have happened?
QuickBooks MCQs
Last month you successfully reconciled your checking account, but when you try to reconcile this month, the beginning balance calculated by QuickBooks is different from the beginning balance according to the bank. What might have happened?
Answer
Correct Answer: Someone added a new transaction and backdated it.
Explanation:
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