Question

steps on how to adjust cash book and prepare bank reconciliation statement

Answer 1

Question :

• Steps on how to adjust cash book and prepare bank reconciliation statement.

Answer :

Steps :

• COMPARE THE DEPOSITS.

• Match the deposits in the business records with those in the bank statement.

• ADJUST THE BANK STATEMENTS.

• Adjust the balance on the bank statements to the corrected balance.

• ADJUST THE CASH ACCOUNT.

• COMPARE THE BALANCES.