Business, 19.02.2021 07:30 reinaelane77

Sequence the steps that an accountant generally follows to prepare a bank reconciliation statement. Look for debit and credit memoranda and make adjustments in the checkbook balance.

Look for outstanding checks paid by the company, but not yet paid by the bank.
Compare the bank statement and the checkbook records to look for differences (if any).

Look for deposits to look for any deposit missed by either the company or the bank.
Post journal entries to make adjustments in the company’s records.

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Sequence the steps that an accountant generally follows to prepare a bank reconciliation statement....

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