IDNStudy.com, ang iyong mapagkukunan ng mabilis at eksaktong mga sagot. Sumali sa aming platform ng tanong at sagot upang makakuha ng eksaktong tugon sa lahat ng iyong mahahalagang tanong.

When preparing bank reconciliation credit memos are added to the balance per bank statement to get the adjusted balance?

Sagot :

Answer:

In preparing a bank reconciliation, the amount of deposits in transit is deducted from the balance per bank statement. In preparing a bank reconciliation, the amount of outstanding checks is added to the balance per depositor's statement.