Bank Reconciliation Note, week 5 discussion help

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Just need a general response to confirm this is understood.

Bank Reconciliation Note


Class,

  Our textbook, chapter 6, presents for the bank
reconciliation process the last line of each part of the process as,
“Correct Cash Balance.” This sometimes might confuse students.
Therefore, my suggestion is the following:

  For the reconciliation of the bank statement process the last line should read: “Adjusted Bank Balance.”

  For the reconciliation of our company cash records process the last line should read: “Adjusted Book Balance.”

  Once the total reconciliation process is complete
both the “adjusted bank & adjusted book” balances must be equal.

Week #5 Learning Resources:

·  Review embedded “Video Lectures” presented by the author

·  Complete embedded “MyExceLab” self-study exercises presented by the author

·  Review embedded “Video Lectures” presented by the author

·  Complete embedded “MyExceLab” self-study exercises presented by the author

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