Bank Reconciliation Statement (Calculating Deposits Intransit & Outstanding Checks)
62 هزار بار بازدید -
12 سال پیش
-
Accounting for the reconciliation of
Accounting for the reconciliation of bank balances using a bank reconciliation schedule, example details how to calculate (1) deposits in transit which are end of month deposits of cash on companys (depositors) books in one month, received by bank in following month and (2) outstanding checks written by depositor but do not clear bank until next month, whats included on the schedule and how its used, the schedule explains the differences between the banks and company's (depositor) records of cash, the example explains reconciling both the bank balance to a correct cash balance, the balance per the bank statement is determined by statrting with the bank statement balance and adding (deposits intransit, undeposited receipts of cash on hand, bank errors which understate the bank balance) and subtracting (outstanding checks, bank errors which overstate the bank balance), to calcuale deposits in transit (book deposits minus bank deposits and deposits in transit from the previous month that have now cleared the bank), to calculate outstanding check (checks written per books minus checks which cleared the bank for the current period and clecks which cleared the bank from the previous month), after calculating deposits in transit and outstanding checks the correct cash balance for the company can be determined, detailed example explained by Allen Mursau
12 سال پیش
در تاریخ 1391/08/07 منتشر شده
است.
62,010
بـار بازدید شده