Analyze several of your peers’ posts.  Let at least two of your peers know what happens to the discrepancies between the book balance and the bank balance.  Could these differences just be written off?

Ashford 3: – Week 2 – Discussion

Bank   Reconciliation

What is the purpose of a bank reconciliation?  What are the reasons for differences between the cash reported in the accounting records, and the cash balance in the bank statements?

Analyze several of your peers’ posts.  Let at least two of your peers know what happens to the discrepancies between the book balance and the bank balance.  Could these differences just be written off?

Guided Response:

A bank reconciliation reconciles the bank account balance per the books to the actual bank balance.  Outstanding checks, deposits in transit, and bank errors are reasons there are differences between the cash reported in the accounting records and the cash balance in the bank statements.

Carefully review the Discussion Forum Grading Rubric for the criteria that will be used to evaluate this Discussion Thread.

 

Description: http://threadcontent.next.ecollege.com/Images/addnew.gifRespond

"Get 15% discount on your first 3 orders with us"
Use the following coupon
FIRST15

Order Now