For each of the items indicate whether its amount affects the bank or book side of a bank reconciliation and is an addition or a subtraction in a bank reconciliation and whether a journal entry is required: a Deposits in transit b Bank service charges Items c Interest eamed on deposits in bank d Bank collected note receivable on behalf of depositor e Minimum balance bank tee NSF chocks a Outstanding check written to supplier Bank or Book side Addition or Subtraction Entry required or Not C

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Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.