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Chpt8 Notes Acc112

The document discusses various accounting topics related to bank reconciliation including: 1) The 4-step process for reconciling a bank statement with the company's books. 2) How to record outstanding deposits, checks, and bank errors in the reconciliation. 3) How to calculate and record cash overages and shortages. 4) How petty cash funds are set up and replenished through journal entries debiting expenses and crediting cash.

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Mj Ebrahim
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© Attribution Non-Commercial (BY-NC)
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183 views3 pages

Chpt8 Notes Acc112

The document discusses various accounting topics related to bank reconciliation including: 1) The 4-step process for reconciling a bank statement with the company's books. 2) How to record outstanding deposits, checks, and bank errors in the reconciliation. 3) How to calculate and record cash overages and shortages. 4) How petty cash funds are set up and replenished through journal entries debiting expenses and crediting cash.

Uploaded by

Mj Ebrahim
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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