FINANCIAL ACCT.FUND.(LOOSELEAF)
FINANCIAL ACCT.FUND.(LOOSELEAF)
7th Edition
ISBN: 9781260482867
Author: Wild
Publisher: MCG
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Chapter 6, Problem 7QS
To determine

Introduction: Abank reconciliation statement is the process of matching the balances of bank statement with the balance shown in the book side.The goal of the bank reconciliation statement is to reconcile the balances between the two books and make necessary adjustments.

(1) the effect of transactions on the book or bank side (2) the addition or subtraction in bank reconciliation statement (3) the requirement of adjusting entry for each transaction given.

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