For each of the items indicate whether its amount affects the bank or book side of a bank reconciliation and is an addition or a subtraction in a bank reconciliation and whether a journal entry is required: Items a. Minimum balance bank fee b. Bank collected note receivable on behalf of depositor c. Outstanding check written to supplier d. Bank maintenance fee e. Bank service charges f. Deposits in transit g. Interest on cash balance Bank or Book side Addition or Subtraction Entry required or Not

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Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.