Question

Edward is reconciling his bank statement and personal account register. What are the steps that he should follow?

check for bank charges and adjust the

personal

account register accordingly

check off all the payments made in his

personal

account register and the bank statement

flag any suspicious looking charges or

entries

check for the final amount, it should be

equal

in the personal account register and the

bank statement

cross check all entries like deposits not

credited

and checks not presented for payment

and

adjust accordingly

Answer 1

The man on the top is incorect i tried it and got it wrong 2 3 4 are wrong the first on and the last are incorrect. But i do not have the correct answer sorry

Explanation:

Answer 2

check off all the payments made in his personal account register and the bank statement.

cross check all entries like deposits not credited and checks not presented for payment and adjust accordingly.

flag any suspicious looking charges or entries.

check for bank charges and adjust the personal account register accordingly.

check for the final amount, it should be equal in the personal account register and the bank statement

Explanation:

First he must check off all the payments in both the books. If there are any checks that have not been credited then he must adjust his personal register. While doing thsi he must note down all the suspicious charges or entris and re-check them. Some bank charges will not appear in his personal account register so he will have ot adjust his personal account register. If the amount in his personal account register and bank statement is equal then he has done the job right.