1. For each of the following items, indicate whether its amount (i) Affects the bank or book...
Question:
(i) Affects the bank or book side of a bank reconciliation and
(ii) Represents an addition or a subtraction in a bank reconciliation.
a. Interest on cash balance
b. Bank service charges
c. Debit memos
d. Outstanding checks
e. Credit memos
f. NSF checks
g. Outstanding deposits
2. Which of the items in part 1 require an adjusting journal entry?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
1 The rule for bank reconciliation is put it where it isnt This means that the items which are alrea...View the full answer
Answered By
Pharashram rai
i am highly creative, resourceful and dedicated freelancer an excellent record of successful classroom presentations and writing . I have more than 4 years experience in tutoring students especially by using my note making strategies and engineering field . Especially adept at teaching methods of maths and writing , and flexible teaching style with the willingness to work beyond the call of duty. Committed to ongoing professional development and spreading the knowledge within myself to the blooming ones to make them fly with .
65+ Reviews
270+ Question Solved
Related Book For 
Question Posted:
