Bank Reconciliation Note, week 5 discussion help
Just need a general response to confirm this is understood.Bank Reconciliation NoteClass, Our textbook, chapter 6, presents for the bankreconciliation process the last line of each part of the process as,"Correct Cash Balance." This sometimes might confuse students.Therefore, my suggestion is the following: For the reconciliation of the bank statement process the last line should read: "Adjusted Bank Balance." For the reconciliation of our company cash records process the last line should read: "Adjusted Book Balance." Once the total reconciliation process is completeboth the "adjusted bank & adjusted book" balances must be equal. Week #5 Learning Resources:Read Principles of Accounting:Chapter 6, "Cash and Highly Liquid Investments." Review embedded "Video Lectures" presented by the author Complete embedded "MyExceLab" self-study exercises presented by the authorRead Principles of Accounting:Chapter 7, "Accounts Receivable." Review embedded "Video Lectures" presented by the author Complete embedded "MyExceLab" self-study exercises presented by the author
THIS QUESTION IS UNSOLVED!
Request a custom answer for this question