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Business, 06.05.2020 16:00 powpow71

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

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

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

3. flag any suspicious looking charges or entries

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

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

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Answers: 3

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