Roger Richman owns Richman Blankets. Answer thw following questions. (a)     He asks you to explain how he should treat the following reconciling items when reconciling the company’s bank account. 1.   Outstanding checks.                                                                          Deduct from balance per bankAdd to balance per booksAdd to balance per bankDeduct from balance per books 2.   A deposit in transit.                                                                          Deduct from balance per bankAdd to balance per booksDeduct from balance per booksAdd to balance per bank 3.   The bank charged to the company account a check written by another company.                                                                          Add to balance per bankDeduct from balance per booksDeduct from balance per bankAdd to balance per books 4.   A debit memorandum for a bank service charge.                                                                          Deduct from balance per bankAdd to balance per bankDeduct from balance per booksAdd to balance per books

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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.