Accounting


Accounting Forum

AccountingCoach.com is the world's largest free online accounting course.


Not signed in (Sign In)

Categories

Vanilla 1.1.7 is a product of Lussumo. More Information: Documentation, Community Support.

Welcome Guest!
Want to take part in these discussions? If you have an account, sign in now.
If you don't have an account, apply for one now.

General Accounting Discussions: bank reconciliation

Bottom of Page

1 to 3 of 3

  1.  
    • CommentAuthorsanafar
    • CommentTimeMay 16th 2008
     
    Hi

    I have recently started doing bank reconciliation and am confused about some issues. When we have previous month's
    bank rec, and we are supposed to make the bank rec statement for the current month, do we begin with the adjusted or the unadjusted ending bank and book balances to begin with as a base?
  2.  
    The book (G/L) balance is actual and the bank balance an adjusted figure to the book balance. Adjusted by outstanding checks and deposits in transit. So you always start with the actual book balance figure which equals the adjusted bank balance figure.
    • CommentAuthorlorelee
    • CommentTimeMay 28th 2008
     
    Perfect Answer !
    Thankful People: alem

1 to 3 of 3

  1.  



 

Why AccountingCoach.com?

the accounting coach

AccountingCoach.com is designed to help people without an accounting background easily understand accounting concepts at no cost.


By investing thousands of hours, we have created clear and concise accounting information for both business people and students of all ages.


We understand how difficult accounting can be. That's why we have ensured that each accounting topic includes a clear explanation, reinforcing drills, Q&A, puzzles, dictionary of terms, etc.


Read 1,440 Visitor Testimonials



What's on AccountingCoach.com?