Accounting
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Controlling and Reporting of Cash and Receivables
Managing Cash
Accounting Textbooks Boundless Accounting Controlling and Reporting of Cash and Receivables Managing Cash
Accounting Textbooks Boundless Accounting Controlling and Reporting of Cash and Receivables
Accounting Textbooks Boundless Accounting
Accounting Textbooks
Accounting
Concept Version 8
Created by Boundless

Reconciling Cash Accounts and Bank Statements

Cash

Cash

Due to the amount of time between when a bank statement is prepared and when it is received by a business, the document may not accurately reveal what the business actually has in terms of cash. This is why reconciling the bank statement is necessary.

Source

    Boundless vets and curates high-quality, openly licensed content from around the Internet. This particular resource used the following sources:

    "All sizes | cash money | Flickr - Photo Sharing!."
    http://www.flickr.com/photos/22344831@N04/3141765730/sizes/m/in/photostream/ Flickr CC BY.

Related Terms

  • bank statement
  • journal entry
  • Bank Reconciliation
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