Respuesta :
Journal entries based on the bank reconciliation are required in the company's accounts for additions to the balance according to the company's records and deductions from the balance according to the company's records and as well as for book errors.
When there are changes to the balance according to the books, a bank reconciliation needs journal entries.
These adjustments are the result of things that were on the bank statement but were not reflected in the general ledger accounts of the business.
The following are examples of common adjustments to the balance per books:
bank fees or service costs for keeping the account, fees for executing wire transfers, printing checks, and so forth, accrued bank interest, Paying back loans, Electronic payments or charges made by suppliers and others and Previously deposited customer cheques that are now being returned due to insufficient money.
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