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Continue Learning about Accounting

How do you request for bank statement?

You contact (call, write, email) the bank where you hold the account and ask for a statement of your account. Some banks charge a fee for this service so don't forget to ask about any charges to get a statement.


How do you usually start off a report?

Write a thesis statement telling what your report is about, what you want to report on or prove, and how you did it. This should be your first page.


What is the Procedure for preparing a bank reconciliation?

If using an official form, first write the date the document was prepared.Next, write down the balance of the next unused check stub, recording its number as well.From that number, deduct any charges from the bank (i.e. service charges). This will indicate your 'adjusted check stub balance'.Then, write down the balance from your bank statement. Add to this number any deposits which have occured but are not included in your bank statement. Total the amount.After this, subtract the total amount of checks written that are not on your bank statement from the previous total.This number is called your 'adjusted bank balance' and should equal your adjusted check stub balance.


What is a bank reconciliation for prepared for?

If using an official form, first write the date the document was prepared.Next, write down the balance of the next unused check stub, recording its number as well.From that number, deduct any charges from the bank (i.e. service charges). This will indicate your 'adjusted check stub balance'.Then, write down the balance from your bank statement. Add to this number any deposits which have occured but are not included in your bank statement. Total the amount.After this, subtract the total amount of checks written that are not on your bank statement from the previous total.This number is called your 'adjusted bank balance' and should equal your adjusted check stub balance.


Is income statement same as financial statement?

no. income statement is a only a statement in financial statements.