Bank reconciliation exercise and answers doc. There is a deposit in transit of $2100.

Bank reconciliation exercise and answers doc. 0 International License. Practice for high The purpose of bank reconciliation is to adjust both the company’s record of its chequing account and the bank’s record of the chequing account so that the accounts are equal (or balanced). Use the following information to complete a bank reconciliation statement. Two forms of bank reconciliation are in common usage: 1) The bank balance is Bank Reconciliation Statement Problems and Solutions given below to understand BRS in simple, easy and self-practice way 1) A bank reconciliation statement reconciles the balance in a company's cash book to the balance on its bank statement. 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