Loose Leaf for Financial Accounting: Information for Decisions
Loose Leaf for Financial Accounting: Information for Decisions
9th Edition
ISBN: 9781260158762
Author: John J Wild
Publisher: McGraw-Hill Education
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Chapter 6, Problem 6QS
Summary Introduction

The items given below effects the bank or book side or bank reconciliation is done.

Introduction: Bank reconciliation statements mean to reconcile entities’ or organization’s bank accounts and their financial statements. By reconciling the bank accounts and financial statements of the organization it outlines the withdrawals and deposits and other activities relating to the bank account which affects the financial status of the organizations. Bank reconciliation is a part of the internal control system which helps to detect fraud.

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