Which of the following actions is part of resolving a cash discrepancy?

Checking previous cash deposits is an essential step in resolving a cash discrepancy because it allows you to trace and verify where the discrepancy may have originated. By reviewing historical cash deposits, you can identify any missing entries, deposits that were recorded incorrectly, or transactions that may not have been accounted for. This investigation helps to provide clarity on the current cash position and ensures accurate financial reporting.

Thorough verification of cash deposits is crucial, as it builds a reliable audit trail and supports any corrective measures that may need to be implemented. Relying solely on adjustments or dismissing discrepancies can lead to larger financial issues or compliance problems down the line.