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Answer to Question #263321 in Accounting for Another you

Question #263321
  1. What are the reconciling items in the bank accounts?
  2. What are the reconciling items in the book accounts?
1
Expert's answer
2021-11-11T18:14:04-0500

Reconciling items in the bank accounts

  1. Deposits in transit
  2. Bank errors
  3. Outstanding cheques
  4. Bank memoranda

Reconciling items in the book accounts

  1. Non Sufficient Funds cheque(NSF)
  2. Book errors
  3. Collections made by the bank
  4. Bank service charges
  5. Interest earned on bank account








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