when you reconcile the practice's bank statement, you see that a check written almost 30 day...

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when you reconcile the practice's bank statement, you see that a check written almost 30 day...

when you reconcile the practice's bank statement, you see that a check written almost 30 day ago to one of your suppliers has not been deposited. what course of action do you take, if any? answer

business accounting

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Answer 1

Answer #1

It is called Outstanding Checks.

Outstanding checks are those which are not deposited. When reconciling Bank Statement, the Amount of Outstanding Checks are reduced from the Bank Balance.

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Answer 2

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when you reconcile the practice's bank statement, you see that a check written almost 30 day...

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The following information is available to reconcile Branch Company's book balance of cash with its bank statement cash balance as of July 31, 2017.

The following information is available to reconcile Branch Company's book balance of cash with its bank statement cash balance as of July 31, 2017.

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when you reconcile the practice's bank statement, you see that a check written almost 30 day...

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