DOUBT IN THE TOPIC "BANK RECONCILIATION"

This topic has 1 reply, 2 voices, and was last updated 12 years ago by John Moffat.

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May 29, 2014 at 12:02 pm #171628
Chandan
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I want to know why lodgements are added to the balance. Aren’t they supposed to be an expense to the company and therefore lead to a fall in the bank balance?
May 30, 2014 at 9:39 am #171846
John Moffat
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You have asked this question somewhere else as well, and it has been answered somewhere else!!!!

Lodgements is what we call it when we receive money and pay it into the bank. So the bank balance will increase. (It means the same as deposits)
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