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Which of the following statements is correct? Interest income the bank may have deducted from the company bank account during the course of the month
Which of the following statements is correct? Interest income the bank may have deducted from the company bank account during the course of the month does not need to be recorded in company records. As part of the reconciling process, you may not make adjustments to the cash account Service charges the bank may have added to the company bank account during the course of the month do not need to be recorded in the company's records. While performing the bank reconciliation in the Reconcile windows, you have the opportunity to identity and record transactions and adjust company accounts accordingly
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