Question

When a bank reconciliation has been satisfactorily completed, the only related entries to be made in the depositor's records are: Multiple Choice To correct errors made by the bank in recording the dollar amounts of cash transactions during the period. To reconcile items that explain the difference between the balance per the books and the balance per the bank statement. To record outstanding checks and bank service charges. To record items that explain the difference between the balance per the accounting records and the adjusted cash balance.

Answer 1

Answer:

To record items that explain the difference between the balance per the accounting records and the adjusted cash balance.

Explanation:

A bank reconciliation mainly computed by an accountant, gives the difference between the balance in relation to the bank statement and the cash balance with respect to the accounting records of the depositor in a particular financial institution.

When a bank reconciliation has been satisfactorily completed, the only related entries to be made in the depositor's records are to record items that explain the difference between the balance per the accounting records and the adjusted cash balance.