When adjustments are made to the General Ledger balance in preparing a bank reconciliation, a journal entry is needed to bring the ledger up to date.

Name: When adjustments are made to the General Ledger balance in preparing a bank reconciliation, a journal entry is needed to bring the ledger up to date.
Brand: Quizplus
Rating: 4.9 (42 reviews)

Question

Quizplus · Accepted Answer

Adjustments made in a bank reconciliation are required to update the General Ledger balance, and a journal entry is made to record these changes.

When Adjustments Are Made to the General Ledger Balance in Preparing