Drag each label to the correct location on the image.
Match each item to check for while reconciling a bank account with the document to which it relates.


Drag Each Label To The Correct Location On The Image Match Each Item To Check For While Reconciling A Bank Account With The Document To Which It Relates class=

Answer :

The matchup are:

Balancing check register has:

  • Interest earned.
  • Deposit in transit.

Balancing statement account has:

  • NFS Fees
  • Bank Error

What is bank reconciliation?

Bank Reconciliation is known to be a process in accounting where firms are said to match their bank statements to their various transactions that are known to be recorded in their general ledger.

A statement of account is known to be one that list all the financial transactions that took place when two or businesses make different transaction over a period of time.

Note that Balancing your checkbook is a way of verifying that the records you have matches with that of the bank's.

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