d. any differences between the company's records and the bank's records should be determined, and any errors made by either party should be discovered and corrected. A bank reconciliation should be prepared periodically because The bank must make sure that its records are correct. What is the level of Y? (b) Holding ? 5. A bank reconciliation should be prepared periodically because it is an important part of the internal controls of a company. The bank must make sure that its records are correct. b.any differences between the company's records and the bank's records should be determined, and any errors made by either party should be discovered and corrected c.the bank has not recorded all of its transactions d.the company's records and the bank's records are in agreement the company's records and the bank's records are in agreement Ob. How Often Should We do Bank Reconciliation? d.to explain any difference between the depositor's balance per books with the balance per bank. A bank reconciliation should be prepared periodically because: a. any differences between the depositor's records and the bank's records should be determined, and any errors made by either party should be discovered and corrected. Question 1.1. Ask your question. Example of a Bank Reconciliation. any differences… We will be featuring advice on how often to perform a bank reconciliation, what is needed to do so, fixing common problems that can arise, and a step-by-step tutorial on doing a bank reconciliation for the first time. which of the following would be subtracted from the balance per books on a bank reconciliation? a. the depositor's records and the bank's records are in agreement . These two balances will frequently differ as shown in the following illustration: A bank reconciliation should be prepared periodically because it is an important part of the internal controls of a company. A bank reconciliation should be prepared periodically because: A) the depositor's records and the bank's records are in agreement. A Bank Reconciliation Should Be Prepared Periodically Because (Points : 2) The Depositor%u2019s Records And The Bank%u2019s Records Are In Agreement. When the balances of our Cash Book and Pass Book do not agree, we prepare a Bank Reconciliation Statement. b. the company's records and the bank's records are in agreement. The bank statement should be mailed to the owner of the company, CEO, or someone other than the person actually doing the reconciliation because a different person than the person that does the reconciliation is reviewing the bank statement. Reconciling your bank account will help you keep track of the bank's service charges. Example. A bank reconciliation should be prepared? Verify each transaction individually, making sure the amounts match perfectly, and note any differences that need more investigation. b.any differences between the company's records and the bank's records should be determined, and any errors made by either party should be discovered and corrected c.the bank has not recorded all of its transactions d.the company's records and the bank's records are in agreement, With vivd example from tanzania explain how commerce completes production process, In which period of industrial revolution industries experienced the need of selling function, Consider an economy with no foreign trade and no transfer payments whose consumption function is given as C = 100 + 0.9(Y ? 1. Assuming that taxes follow the simple function, T = ?Y, what is ?? 5 points liyahlanderson7289 Asked 03.03.2020. 1. To be effective, it should be done by someone other than an authorized check signer and/or record keeper. Journal entries based on the bank reconciliation are required in the company's accounts for . the company's records and the bank's records are in agreement. What would be the effect on Y? Solution for A bank reconciliation should be prepared periodically because Oa. 800, T = 800, and I = 300. d.to explain any difference between the depositor's balance per books with the balance per bank. C) any differences between the depositor's records and the bank's records should be determined, and any errors made by either party should be discovered and corrected. would it need to choose to keep the budget balanced? High School. For eg:- if Mr.˝A deposited ` 1,00,000 in his bank account it will be recorded on the Dr. side of his cash book, but for the bank it’s a receipt so it will recorded as a Cr. It will also help you find the math mistakes you made in your check register. entry in the bank statement or the pass book. 8. 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