Question: For the below reconciling items, state two things: Where would they appear on the bank reconciliation (bank side vs. book side)? Would they be added,

For the below reconciling items, state two things: Where would they appear on the bank reconciliation (bank side vs. book side)? Would they be added, subtracted or could be both?

RECONCILING ITEMS : Example: Deposit in Transit Answer: Bank side, Add

Interest Revenue

Bank Collections

Outstanding Checks

Bank Errors

Nonsufficient Funds (NSF) Checks

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!