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    black pearl's Avatar
    black pearl Posts: 5, Reputation: 1
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    #1

    Aug 5, 2009, 08:34 AM
    How can I make bank reconciliation?
    Hi every body
    Help me to solve this assignment I tried my best but I couldn't match the book and bank balance and I don't know where is my mistake
    I attached my problem and the solution that I did
    Waiting for your reply
    problem E7-7A.xls
    solution.xls

    Black Pearl
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Aug 5, 2009, 09:14 PM

    It's one error and overall really good job! I'm going to tell you how you could have quickly found that error.

    Take the difference: 14,212 - 14,194 = 18
    Look for that number.
    If you can't find that, then divide the number in half: 18/2 = 9
    And look for that number.

    When things go the opposite direction of what they should have (this includes debits & credits, and stuff like this), then the error doubles itself. i.e. a $9 error going the wrong direction will double itself to $18. So you divide it in half and see if you can find that.

    The deposit error correction should have been a subtraction. It was incorrectly recorded as too much, so the difference has to be subtracted back out. (Funny that you got the check error correct. Most people get the deposit ones correct and screw up the check ones. :p)
    black pearl's Avatar
    black pearl Posts: 5, Reputation: 1
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    #3

    Aug 5, 2009, 09:34 PM

    Thanks morgaine300 for your answer but I really gave up I couldn't find that 9$.Is it suppose to be wrong in posting ?
    I checked all numbers, all are right!
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #4

    Aug 5, 2009, 10:21 PM

    Not sure what you mean by "wrong in posting." You got this worked out OK, right? Did you have another specific question about it?
    black pearl's Avatar
    black pearl Posts: 5, Reputation: 1
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    #5

    Aug 6, 2009, 02:53 PM

    Thank you, I solve it. The error in cheuqe should be in less part not in add part of the book balance.
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