Accounting-Bank Reconciliations

Anonymous
timer Asked: Apr 28th, 2015
account_balance_wallet $10

Question description

What are possible reasons for a difference between an organization's accounting records compared with the supplied bank statement? What are examples of an over and under statement of accounting records when comparing the bank statement? Why must an organization adjust its entries if there is no accounting error present? Explain your answer.

Looking for an answer in about 150-175 words



Tutor Answer

UT Austin

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Anonymous
Excellent job

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