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Bank reconciliations

This topic has 1 reply, 2 voices, and was last updated 5 years ago by John Moffat.

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February 19, 2019 at 7:19 pm #505789
lmendy
Member
- Topics: 9
- Replies: 0
How is it that what is on the bank statement as credit is for the company a debit, and vice versa?
February 20, 2019 at 8:10 am #505858
John Moffat
Keymaster
- Topics: 57
- Replies: 54500
I explain the reason for this in my free lectures on bank reconciliations.
The lectures are a complete free course for Paper FA and cover everything needed to be able to pass the exam well.
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