Step for preparing a bank reconciliation statement
Write down the step for preparing a bank reconciliation statement?
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- Bank Reconciliation Statement is made either by starting with the book Cash book balance or Bank pass book balance.
- When the balance of the Cash book is taken as a starting point then Cash book balance is to be altered in accord with the entries passed in the Bank pass book and vice versa.
- Cheques issued however not presented for payment.
- Amount credited in Passbook however not in Cash book.
- Deposits made in the bank straightly.
- Incorrect credits given by bank.
- Interest credited in Passbook.
Accounting Theory 7edition, by Godfrey J., Hodgson A., Tarca A., Hamilton J., and Holmes S. Chapter 2: Theory in Action 2.2 “Normative Theories of Investment” Chapter 3: Theory in Action 3.1 “Companies should come clean on the value of leases on their books” Chapter 5: Theory in A
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