accounting

posted by .

Which of the following is not one of the steps to follow when preparing a bank reconciliation statement?
A. Compare the amounts of deposits in the bank statement with the amounts shown in your
accounting records.
B. Compare the amounts of canceled checks with the amounts shown in your accounting records.
C. Determine the amounts of all outstanding checks and deduct them from the balance shown on
the bank statement.
D. Determine the amounts of any credit memos issued by the bank and deduct them from your check
register.

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. ACCOUNTING

    Need to prepare the bank reconciliation for Multi-Plex Health care at May31 and Record the entries called for by the reconciliation. The May 31 bank statement of Multi-Plex Health care has just arrived from first state bank.To prepare …
  2. accounting

    Can anyone let me know if I have these correct and if not what am I doing wrong. 1. For each of the following items, indicate whether its amount (i) affects the bank or book side of a bank reconciliation and (ii) represents an addition …
  3. accounting

    Can anyone let me know if I have these correct and if not what am I doing wrong. 1. For each of the following items, indicate whether its amount (i) affects the bank or book side of a bank reconciliation and (ii) represents an addition …
  4. Accounting

    Need help with this bank reconciliation...this is actually for a job and I am forgetting everything about accounting because I am nervous. BANK RECONCILATION ============================================== On Aug 14th, One of our Partner's …
  5. accounting

    •The Bank Account as a control device that helps to protect cash. One of the requirements is to conduct periodic bank statement reconciliations. Using the following data, complete a bank statement reconciliation or EEE Electric for …
  6. math

    Problem 6-1 Bank Reconciliation The following information is available to assist you in preparing a bank reconciliation for Calico Corners on May 31, 2012: a. The balance on the May 31, 2012, bank statement is $8,432.11. b. Not included …
  7. Accounting (Please Help)

    Acme, Inc.'s books show an ending cash balance of $14,500 before preparing the bank reconciliation. Given the bank reconciliation shows outstanding checks of $3,900, deposits in transit of $2,900, NSF check of $190, and interest earned …
  8. Accounting help

    Bank Reconciliation Prepare a bank reconciliation as of October 31 send the following information: a. October 31 cash balance in the general ledger is $1688. b. The October 31 balance Sean thinks statement is $746. c. Checks issued …
  9. Accounting

    I need to make a bank reconciliation statement. There's an error made by the bank-the check drawn by the corporation was charge to the owners' personal account. How am I supposed to enter that on the bank reconciliation statement?
  10. Math

    The cash records of Oriole Inc. show the following situations: Deposits in transit: 1. The June 30 bank reconciliation indicated that deposits in transit total $2,040. During July, the general ledger account Cash shows deposits of …

More Similar Questions