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Bank Error in bank reconciliation
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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 error in bank reconciliation
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If the bank mistakenly deducts a check from an account would I be adding or subtraction the amount in the bank reconciliation under the balance per books section?
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...
Preparing bank reconciliation
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I am in Acct 101 and have a problem concerning bank reconciliations but there is nothing in our entire book that discussed bank reconciliations. I think I can figure most of it out if I know I am pointed in the right direction. Here is my problem: Using the following information, record... View more questions Search
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