Question

customers. Frans has requested you to reconcile the bank statemen and provide a detailed report on your findings. REQUIRED: Your report should include the following: 1.1 Updated Cash Journals for 30 November 2021. (13) 1.2 The corrected Bank Balance on 30 November 2021. (5 1.3 Bank Reconciliation statement on 30 November 2021. 1.4 When you were reconciling Cash Journals and the han​

Answer 1

What 3 items do you need to reconcile your bank statement?

For doing this, you must add deposits in transit, deduct outstanding checks and add/deduct bank errors. Deposits in transit are amounts that are received and recorded by the business but are not yet recorded by the bank.