8:35 + LTE |

8:35 Bank Reconciliation Situations For each situation below: First indicate what the situation might be such as an error, embezzlement, 01S check, DIT etc. Second, indicate which party should be adjusted; the books or the bank. Then indicate if the adjustment is an addition or deduction to that party. There will be little things within each description that will indicate which party is correct. Remember the steps for these type of situations: Define the problem. Who made the error? Adjust the party that made the error by reversing the error. If you cannot tell what should be done, go back to step one and define the problem. It means you do not understand it yet. You