Nt1310 Unit 7

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Nicole Webb: Questions 1 & 2
Learning Outcome 3: Perform bank reconciliations to ensure company and bank records are correct

This research is about bank reconciliation and how Bed and Breakfast Inn this process to ensure records are correct. Accountingcoach.com (2016) defined bank reconciliation as, "the process of comparing the amounts in the cash account in the general ledger to the amounts appearing on the bank statement. The objective is to be certain that there is consistency between the amounts and that the company's amounts are accurate and complete." In addition, bank reconciliation is defined by study.com (2016) as, " the balancing of a company's cash account balance to its bank account balance."
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