Answered step by step
Verified Expert Solution
Question
1 Approved Answer
If I receive a deposit of R30 000, that means it is money received and recorded in the bank account of the general ledger. If
If I receive a deposit of R30 000, that means it is money received and recorded in the bank account of the general ledger.
If that deposit did not appear on the bank statement at the end of the month, will it be recorded in the bank reconciliation statement? Or should it first be recorded in the cash receipts journals? I tend to think that it is a reconciling item in the bank reconciliation statement. Any input will be appreciated. Thank you.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started