Bank Statement Reconciliation (CM)
Posted: Mon Apr 28, 2008 3:58 pm
Hello All,
I have one question pertaining to bank statement reconciliation.
Initially the bank statement was recorded for a payment as $49.57 instead of $49.54.
Later the extra amount i.e .03cents were again recorded as a receipt.
Now how should these statement be reconciled so that the payment should reflect as $49.54.
reponses highly appreciated '
Abbas.
I have one question pertaining to bank statement reconciliation.
Initially the bank statement was recorded for a payment as $49.57 instead of $49.54.
Later the extra amount i.e .03cents were again recorded as a receipt.
Now how should these statement be reconciled so that the payment should reflect as $49.54.
reponses highly appreciated '
Abbas.