Bank Reconciliations

Question 1

Bank reconciliation per bank balance:

Answer 1

Balance per bank statement 
\+ Deposits in transit 
\+ Cash on hand 
- Outstanding checks 
\+/- Errors made by the bank 
True Cash Balance

Question 2

Book Reconciliation

Answer 2

Balance Per Books 
\+ Interest Earned 
\+ Notes Collected 
- Service Charged 
- NSF Checks 
\+/- Errors made on the books 
True Cash Balance