pilarrios3552 pilarrios3552
  • 20-09-2018
  • Business
contestada

Why would transactions completed on the last day of the month be “outstanding” on the blank statement?

Respuesta :

andriansp andriansp
  • 01-10-2018

I believe the answer is: Not enough time to go through the bank system

Bank statement is created by the end of the month. When a transaction is completed on the last day, the record of the transaction might be recorded on the bank statement for the next month, To correct the  imbalance, we just need to conduct a bank reconciliation.

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