Bookkeeping
8 6 Define the Purpose of a Bank Reconciliation, and Prepare a Bank Reconciliation and Its Associated Journal Entries Principles of Accounting, Volume 1: Financial Accounting
However, such deposited cheques or discounted bills of exchange drawn by your business entity get dishonored on the date of maturity. One of the primary reasons responsible for such a difference is the time gap in recording the transactions of either payments or receipts. After adjusting all the above items Read more…