Accountancy, asked by khushi202028, 4 months ago

direct payment by customer will get added or subtracted in bank Reconciliation statement?

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Answered by jejibi

Answer:

Deduct any outstanding checks. This will provide the adjusted bank cash balance. Next, use the company's ending cash balance, add any interest earned and notes receivable amount. Deduct any bank service fees, penalties, and NSF checks.

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direct payment by customer will get added or subtracted in bank Reconciliation statement?​ ​

Answers

direct payment by customer will get added or subtracted in bank Reconciliation statement?