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    Bank Reconciliation: Book Balance: XX Bank Balance: XX Balance Per Book Add: Credit Memos

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    Patrick Hel O. Laurito
    The document describes three methods for reconciling a company's book balance with its bank balance: the Adjusted Balance Method, which adds credit memos and subtracts debit memos from the book balance to calculate an adjusted book balance; the Book to Bank Method, which subtracts outstanding checks and deposits in transit from the bank balance; and the Bank to Book Method, which adds deposits in transit and subtracts outstanding checks and credit memos from the book balance.

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    Bank Reconciliation: Book Balance: XX Bank Balance: XX Balance Per Book Add: Credit Memos

    Uploaded by

    Patrick Hel O. Laurito
    23 views1 page
    The document describes three methods for reconciling a company's book balance with its bank balance: the Adjusted Balance Method, which adds credit memos and subtracts debit memos from the book balance to calculate an adjusted book balance; the Book to Bank Method, which subtracts outstanding checks and deposits in transit from the bank balance; and the Bank to Book Method, which adds deposits in transit and subtracts outstanding checks and credit memos from the book balance.

    Original Description:

    SIMPLE guide

    Original Title

    BAnK REconciliation (Table)

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    The document describes three methods for reconciling a company's book balance with its bank balance: the Adjusted Balance Method, which adds credit memos and subtracts debit memos from the book balance to calculate an adjusted book balance; the Book to Bank Method, which subtracts outstanding checks and deposits in transit from the bank balance; and the Bank to Book Method, which adds deposits in transit and subtracts outstanding checks and credit memos from the book balance.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    23 views1 page

    Bank Reconciliation: Book Balance: XX Bank Balance: XX Balance Per Book Add: Credit Memos

    Uploaded by

    Patrick Hel O. Laurito
    The document describes three methods for reconciling a company's book balance with its bank balance: the Adjusted Balance Method, which adds credit memos and subtracts debit memos from the book balance to calculate an adjusted book balance; the Book to Bank Method, which subtracts outstanding checks and deposits in transit from the bank balance; and the Bank to Book Method, which adds deposits in transit and subtracts outstanding checks and credit memos from the book balance.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    Download as docx, pdf, or txt
    of 1

    ABM ( Adjusted Balance

    Method )
    Balance per book
    add: credit memos

    total:
    less: debit memos

    Adjusted book
    balance

    XX

    Bank Balance:

    XX

    Add: Credit memos

    XX

    XX

    ----------XX

    Outstanding
    Checks

    XX

    Add: Deposits in
    Transit
    Debit Memos

    XX
    ----------XX

    total:

    XX

    add: deposits in
    transit

    XX

    Adjusted bank
    balance

    Bank to Book Method

    Book balance:
    XX
    XX

    Bank balance

    total:
    less: outstanding
    balance

    Book to Bank Method

    ----------XX

    Less: Debit Memos

    ( XX )

    Deposits in
    Transits

    ( XX )

    Bank Balance

    ----------XX

    total:

    Less: Outstanding
    Checks
    Credit Memos

    Bank Balance

    ----------XX
    XX
    ----------XX

    BANK RECONCILIATION

    XX
    ----------XX

    ( XX )
    ( XX )
    ----------XX

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