BANK RECON - GEMMA BARATA

Monthly Statement being sent by the bank to depositor showing the amount of deposits, withdrawals, bank charges and running balance of his/her account

• Balance Sheet

• Bank Statement

• Cash flow

True or False : Bank Reconciliation is used to determine whether the bank account and the entity's cash balance will not agree after considering unrecorded items.

• False

• True

Amount charged by the bank for servicing specific transaction on behalf of the depositor

• Returned Items

• Service Charge

• Interest Income

True or False : Debit memo is used by the bank to support deductions

• True

• False

Cash receipts already recorded in the cash receipt journal that reached the bank too late to be credited in the current statement.

• Outstanding Checks

• Bank Collections

• Deposit in Transit