What is a bank reconciliation? 1. The schedule required of a company by which it must repay
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What is a bank reconciliation?
1. The schedule required of a company by which it must repay all of its loans.
2. The process of calling a series of banks to confirm that each bank has the same amount of NSF checks.
3. The schedule by which a bank compares its bad debt estimates with the actual amount of bad debt written off.
4. The process of determining the reason for the differences between the bank balance and the company's cash account balance.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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