Explanation Bank reconciliation: Bank statement is prepared by bank. The company maintains its own records from its perspective. This is why the cash balance per bank and cash balance per books seldom agree. Bank reconciliation is the statement prepared by company to remove the differences and disagreement between cash balance per bank and cash balance per books. Prepare bank reconciliation statement for Company M for the month ended April. Company M Bank Reconciliation April 30, 2019 Particulars Amount in $ Amount in $ Balance per bank statement, April 30 7,200.00 Add: Deposits in transit 600.00 7,800...

3rd Edition

ISBN: 9781337709354

Author: WAHLEN

Publisher: CENGAGE L

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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.

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Chapter 6, Problem 16RE

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Prepare bank reconciliation statement for Company M for the month ended April.

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Chapter 6, Problem 15RE

Chapter 6, Problem 1E

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Prepare bank reconciliation statement for Company M for the month ended April.

Solution Summary: The author explains that bank reconciliation is the statement prepared by company to remove the differences and disagreement between cash balance per bank and book.

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Prepare bank reconciliation statement for Company M for the month ended April.

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