Question
1. From the banks perspective, what would increase when we make a cash deposit?********************************************************************************** 2. What are the two main differences responsible for making the
1. From the banks perspective, what would increase when we make a cash deposit?********************************************************************************** 2. What are the two main differences responsible for making the companys checking account balance not equal to the banks balance?********************************************************************************* 3. When we make a deposit to the bank account related to sales, what are the debits and credits made on a companys books and on the banks books?*********************************************************************************** 4. What are some of the reasons for timing differences between a companys books and the banks books?************************************************************************************* 5. With advances in technology such as debit cards, electronic funds transfers, and online payments, what might we expect to see as a trend in timing differences?******************************************************************************** 6. What is the end product of a bank reconciliation?
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