Bank Reconciliations
0.0(0)
Studied by 1 person
Call Kai
Learn
Practice Test
Spaced Repetition
Match
Flashcards
Knowt PlayCard Sorting
1/3
There's no tags or description
Looks like no tags are added yet.
Last updated 11:21 PM on 10/28/24
Name | Mastery | Learn | Test | Matching | Spaced | Call with Kai |
|---|
No analytics yet
Send a link to your students to track their progress
4 Terms
1
New cards
Bank Reconciliation
Explains the difference between cash reported on bank statements and cash balance on the company’s books and provides information for reconciling journal entries.
2
New cards
3 Potential Cash Totals
1). Balance per the books (t-accounts)
2). Balance per the bank (bank statement)
3). Correct Balance
3
New cards
NSF Checks
Checks received from a customer and deposited by the company that have “bounced”
4
New cards
Interest
This is the interest paid by the bank to the company on its bank balance.
Note 
Flashcards (57)