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ACC 205 Week 2 DQ Bank Reconciliation.

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
ACC 205 Week 2 DQ
Bank Reconciliation
Bank Reconciliaon
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
Bank Reconciliation Sumarize
Step 1. Adjusting the Balance per Bank
We will demonstrate the bank reconciliation process in several steps.
The first step is to adjust the balance on the bank statement to the true,
adjusted, or corrected balance. The items necessary for this step are
listed in the following schedule:
Step 1. | Balance per Bank Statement on Aug. 31, 2010 |
| Adjustments: |
| Add: Deposits in transit |
| Deduct: Outstanding checks |
| Add or Deduct: Bank errors |
| Adjusted/Corrected Balance per Bank |
Deposits in transit are amounts already received and recorded by the
company, but are not yet recorded by the bank. For example, a retail
store deposits its cash receipts of August 31 into the bank's night
depository at 10:00 p.m. on August 31. The bank will process this

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Anonymous
Really great stuff, couldn't ask for more. The assignment was done with remarkable detail.

Anonymous
Solid work, thanks.

Anonymous
Goes above and beyond expectations !

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