Match each term related to bank reconciliations with its description. 1 NSF checks 2 Interest...

50.1K

Verified Solution

Question

Accounting

image

Match each term related to bank reconciliations with its description. 1 NSF checks 2 Interest revenue 3 Company error 5 Checks outstanding 6 Bank service fees 4 Deposits outstanding Match each of the options above to the items below. Charges imposed by the bank to the company for providing routine services. Checks written to the company that are returned by the bank as not having adequate funds. No answer 1 Checks written by the company but not yet recorded by the bank. 3 Money earned on the average daily balance of the checking account. 01 N 4 Cash receipts received by the company but not yet recorded by the bank. 6 The company recorded a deposit twice

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students