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3 November, 21:22

Bank Reconciliation Procedures Select whether the action at the left will result in an addition to (+) or subtraction from (-) the ending bank balance or the ending checkbook balance. 1. Deposits in transit to the bank 2. Error in checkbook: check recorded as $32 but was actually for $23 3. Service fee charged by bank 4. Outstanding checks 5. NSF check deposited earlier 6. Error in checkbook: check recorded as $22 but was actually for $220 7. Bank credit memo advising a note was collected for us

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  1. 4 November, 01:12
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    1. Deposits in transit to the bank - This transaction is added to the ending bank balance.

    2. Error in checkbook: check recorded as $32 but was actually for $23 - This transaction is added to the ending checkbook balance.

    3. The service fee charged by a bank - This transaction is subtracted to the ending checkbook balance.

    4. Outstanding checks - This transaction is subtracted to the ending bank balance.

    5. NSF check deposited earlier - This transaction is subtracted to the ending checkbook balance.

    6. Error in checkbook: check recorded as $22 but was actually for $220 - This transaction is subtracted to the ending checkbook balance.

    7. Bank credit memo advising a note was collected for us - This transaction is added to the ending checkbook balance.
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Home » Business » Bank Reconciliation Procedures Select whether the action at the left will result in an addition to (+) or subtraction from (-) the ending bank balance or the ending checkbook balance. 1. Deposits in transit to the bank 2.
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