Likely errors occur when the posting of data from journals to the general and subsidiary ledger.

What are some reasons that cause the balance on the bank statement to differ from the cash balance on the books?

Errors takes place in financial statement when there is misappropriation of information either in figures or ommission of recording important entries .

What are some reasons that cause the balance on the bank statement to differ from the cash balance on the books?

Likely errors can be caught and treated.

Los errores probables si existe un buen control son detectados en tiempo oportuno y subsanados, e de vital importancia su detección temprana

What are the impact of these likely errors on the accounting system?

The reasons for the difference between the balance on the bank statement and the balance on the books include outstanding checks, deposits in transit, bank service charges, check printing charges, errors on the books, errors by the bank, electronic charges on the bank statement not yet recorded on the books, and electronic deposits on the bank statement that are not yet recorded on the books

This is very important every transaction need to pay attention.

Are likely errors legal instruments ?