Chapter 5, Problem 14CDQ

To determine

Introduction:

Bank reconciliation is an analysis of comparing balance of the cash account of a company with the balance as mentioned in corresponding bank statement. A bank reconciliation is divided into two parts where in part one bank section begins with cash balance as per bank statement and ends with the adjusted balance while in second part company section begins with cash balance as per company records and ends with the adjusted balance.

The objectives of a bank reconciliation statement.