Which of the following reconciling items may not result from bank side reccords of a bank account?

Q: Which of the following reconciling items may not result from bank side reccords of a bank account?…

A: Bank Reconciliation statement is a statement prepared to reconcile the cash book balance and bank…

Q: The following are the reasons for dissimilarity between balances in the bank statement and the cash…

A: Dissimilarity between bank statement and cash book occurs due to various factors like Dishonored…

Q: In preparing a bank reconciliation, explain how you would do the reconciliation if the bank…

A: Bank reconciliation statement is a statement prepared to reconcile the balance as per bank statement…

Q: On a bank reconciliation, the adjusting entry to record collection of notes should be: dehit te

A: Notes recievable are claims against debt. These include a written promise made to pay money at some…

Q: Required: Prepare a bank reconciliation for Gates Company

A: Bank Reconciliation Statement refers to a statement that reconciles the bank balance as per company…

Q: Will journal entries be necessary based on the book or bank adjustments you discovered in the bank…

A: As per the honor code, We’ll answer the first question since the exact one wasn’t specified. Please…

Q: Why may there be a difference between the bank statement ending cash balance and the ending balance…

A: Timing differences: When accounting records are maintained by both bank and business, time interval…

Q: Why is it important to prepare a bank reconciliation?

A: Bank reconciliation statement is prepared where an entry which is found in one book (Cash book or…

Q: The amount for the bank error will be recorded on the bank reconciliation statement on the ....

A: A bank reconciliation statement is prepared to match the balance of cash in the books of company…

Q: Preparing the bank recociliation is consifered to be an important step in interna; control process…

A: Bank reconciliation refers to the process of reconciling the balances of the accounting records of…

Q: On a bank reconciliation. Deposit in transit is.....?

A: Bank reconciliation is a method of reconciliation of balance in bank book with the total of balance…

Q: What is the use of a bank reconciliation statement

A: BRS refers to bank reconciliation statement. It is a statement prepared by various organisations or…

Q: In a bank reconciliation, a bank service charge is O added to the bank balance. deducted from the…

A: Preparation of bank reconciliation statements is prepared by the management at a particular time…

Q: Why is it important to prepare a bank reconciliation

A: Bank reconciliation is the statement prepared by the entities to check if there are any variations…

Q: What is the bank reconciliation statement

A: The cash book is prepared to keep the record of cash balance.

Q: Discuss using figures how Bank Overdraft will affect the preparation of Bank Reconciliation…

A: Bank reconciliation statement is a kind of statement prepared in order to reconcile the balances…

Q: bank balance in the cash book and that of the bank statement

A: Bank balance in cash book means amount of balance of bank ledger in the books of the entity/person…

Q: Which of the following items is subtracted from the “cash balance from bank statement” on a bank…

A: Deposits in transit: Deposit in transit means the money received by a company and recorded in the…

Q: What is the adjusted balance on the bank reconciliation? (See image of additional info)

A: Cash balance as per bank statement 12,175 Add: Deposits in transit 1800   13,975 Less:…

Q: When the question states that the balance in the cash at bank account and the bank statement did not…

A: A bank reconciliation statement, as the name indicates, reconciles the cash and bank balance of the…

Q: In preparing a bank reconciliation, the amount of deposits in transit is deducted from the balance…

A: Bank reconciliation: Bank statement is prepared by bank. The company maintains its own records from…

Q: What is the purpose of preparing a bank reconciliation?

A: Bank reconciliation is prepared to reconcile the company's cash book that is reconciled with its…

Q: What is “Deposit in transit” in bank reconciliation?   Select one: A. Subtracted From the Cash…

A:

Q: Which of the following should be considered cash equivalents? Post-dated checks Money market with…

A: Cash and cash equivalent means the amount of cash , bank or highly liquid marketable securities…

Q: Which of the following is an appropriate reconciling item to the balance per bank in a bank…

A: Bank reconciliation refers to the method used by the company to match the bank statement as well as…

Q: How can you tell whether the amount on a check was altered after it was paid by a bank?

A:

Q: Understanding bank account controls Answer the following questions about the controls in bank…

A: 1.Signature card is used to ensure that particular person is an authorized official towards signing…

Q: On a bank reconciliation, the amount of an unrecorded bank service charge should be: Multiple Choice…

A: The bank reconciliation statement is prepared to equate the balances of cash book and passbook with…

Q: When preparing a bank reconciliation, adjustments are made to the bank side and not the ledger…

A: Bank reconciliation statement is prepared where an entry which is found in one book (Cash book or…

Q: Technically, a bank can require depositors to give prior notice before they withdraw funds from time…

A: Time deposits are deposits in the a bank which has fixed time of maturity. For this deposits,…

Q: Would a bank service charge be added to or subtracted from the company's books or the bank statement…

A: Bank reconciliation: Bank reconciliation is a statement which is prepared to reconcile the cash…

Q: After preparing a bank reconciliation, journal entries are necessary to record Bank service…

A: Bank reconciliation statement is used to determine the differences between the bank statement…

Q: why is petty cash fund deducted in the book balance of the entity when making bank reconciliation?

A: A petty cash fund is a fund where some money is kept separately to pay for minor expenses such as…

Q: Which one of the following items requires an adjustment on the bank side of the bank​…

A: An error on the bank side or any omission in the bank statement requires an adjustment on the bank…

Q: Which field typically appears in the Bank Register but not usually in reports?

A: QuickBooks is accounting software used by small and medium-sized businesses to get good accounting…

Q: In the reconciliation of a bank statement, "deposits in transit" should be: a. added to the…

A: Deposits in transit are the amount of cash that has been deposited by the business but has not been…

Q: Which of the following adjusts the bank’s balance of cash in a bank reconciliation? a. NSF checks.…

A: Bank statement is prepared by bank. The company maintains its own records from its perspective. This…

Q: During a bank reconciliation process, Oa. outstanding checks and deposits in transit are subtracted…

A: Bank Reconciliation Statement: Bank statement is prepared by bank. The company maintains its own…

Q: Explain why the money listed under assets on a bank balance sheet may not actually be in the bank?

A: Balance sheet of the bank used to operate under an assets, where the net worth of bank used to…

Q: What item on the bank statement that may differ from the company's financial records.      NSF…

A: The bank  reconciliation statement is prepared to match the balance of Cash in bank statement and…

Q: In a bank reconciliation, an EFT cash payment isa. deducted from the bank balance.b. added to the…

A: Bank Reconciliation Statement: Bank statement is prepared by bank. The company maintains its own…

Q: Entries for Bank Reconciliation

A: These are the accounting transactions that are having a monetary impact on the financial statement…