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Bank Reconciliation
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1. The CASH account in the Depositors Ledger is an what? (a)asset with debit balance (b) asset with credit balance (c) liability with a debit balance (d) liability with a credit balance 2. Following the completion of the bank rec. and adjusting entry was made that debited cash and redited...
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If the bank make a mistake of recording a deposit of 87 dollars as 78 dollars, this error will be shown in the bank reconciliation as : Ans: deduction of 9 dollars to the bank balance I think this should be the correct ans, isn't it? Cos the ans in my book was addition of 9 dollars to the bank...
Bank Reconciliation
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Jones Company had checks outstanding totaling $5,400 on its June bank reconciliation. In July, Jones Company issued checks totaling $38,900. The July bank statement shows that $26,300 in checks cleared the bank in July. A check from one of Jones Company's customers in the amount of $300 was also...
Bank reconciliation in accounting
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How do you prepare a bank reconciliation? What format should I use?
Bank reconciliation
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Why, in simple terms please, when a cheque in credit side of cash book is recorded twice, do we reconcile it by adding it to the cash book?! Or is my teacher losing his marbles, or maybe just testing us?? Thanks View more questions Search
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