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
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