Doryan is reconciling his checkbook balance with his current bank statement. As he computes his adjusted bank statement balance, what should he include?

Question

Quizplus · Accepted Answer

When reconciling a checkbook, outstanding checks must be included in the adjusted bank statement balance. This is because these checks have been written but have not yet been cashed or processed, which means they are not reflected in the current bank statement balance. Unrecorded credits and debits should not be included until they are verified and added to the register or bank statement. The balance shown in the register is not relevant when reconciling with the current bank statement.

Doryan Is Reconciling His Checkbook Balance with His Current Bank