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FAR CPA Custom > Bank Recs > Flashcards

Bank Recs Flashcards

1
Q

Bank Balance =

A

Add: Deposits in transit, cash on hand
Subtract: Outstanding checks, +/- errors made by bank

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2
Q

Book Balance =

A

Add: Interest Earned, Note Collected
Subtract: Service charges, NSF funds, +/- in firms errors

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FAR CPA Custom (46 decks)

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