Fundamental Financial Accounting Concepts
Quiz 6: Internal Control and Accounting for Cash
The Usual Form for a Bank Reconciliation Begins with the Ending
The usual form for a bank reconciliation begins with the ending cash balance shown on the bank statement and reconciles it to the ending cash balance on the company's books.
Explore answers and all related questions
In preparing a bank reconciliation,typical adjustments to the bank balance are deposits in transit and outstanding checks.
In preparing a bank reconciliation,typical adjustments to the book balance include bank service charges,customer NSF checks,and certified checks.
All journal entries made related to bank reconciliations include an expense or revenue account.
Explore all questions
How it work
Terms And Conditions
© 2020 QuizPlus. All Right Reserved