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Answer to Question #263321 in Accounting for Another you
Question #263321
- What are the reconciling items in the bank accounts?
- What are the reconciling items in the book accounts?
Expert's answer
Reconciling items in the bank accounts
- Deposits in transit
- Bank errors
- Outstanding cheques
- Bank memoranda
Reconciling items in the book accounts
- Non Sufficient Funds cheque(NSF)
- Book errors
- Collections made by the bank
- Bank service charges
- Interest earned on bank account
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