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In the Preparation of the Bank Reconciliation, Understanding on Which

Question 40

Essay

In the preparation of the bank reconciliation, understanding on which side of the bank reconciliation to record the transaction is important. Populate the bank reconciliation below with the items that follow.
Deposits in transit
Bank errors
Book errors
Outstanding cheques
Electronic fund transfers
Nonsufficient funds cheques
Service charges
Interest revenue
In the preparation of the bank reconciliation, understanding on which side of the bank reconciliation to record the transaction is important. Populate the bank reconciliation below with the items that follow. Deposits in transit Bank errors Book errors Outstanding cheques Electronic fund transfers Nonsufficient funds cheques Service charges Interest revenue

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