Question

The company section of the bank reconciliation

a. deducts debit memos that have not been recorded.
b. ends with the adjusted balance.
c. begins with the cash balance according to the company records.
d. All of these choices are correct.

Answer 1

The company section of the bank reconciliation begins with the cash balance according to the company records and includes debit memos that have not been recorded.

Step-by-step explanation:

The company section of the bank reconciliation begins with the cash balance according to the company records. This section is where the company's adjustments and corrections are recorded to reconcile the company's cash balance with the bank's records.

It includes items such as outstanding checks, deposits in transit, bank service charges, and **debit memos that have not been recorded**.