Question

Match each term associated with a bank reconciliation with its description.
Terms_________________________________________________________________
__________1. Checks outstanding
__________2. NSF checks
__________3. Company error
__________4. Interest earned
__________5. Deposits outstanding
__________6. Bank service fees
Descriptions____________________________________________________________
a. Cash receipts received by the company but not yet recorded by the bank.
b. Fees imposed by the bank to the company for providing routine services.
c. Checks written to the company that are returned by the bank as not having adequate funds.
d. Checks written by the company but not yet recorded by the bank.
e. Money earned on the average daily balance of the checking account.
f. The company recorded a deposit twice.



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  • CreatedJuly 15, 2014
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