18:21 the 90 dollars should impact the bank book right? We paid a check for $121 but in our books we already reduced by $211, deducting additional $90 from cash book would result in double counting. Yes, you made it correct we should add 90 back in the cash account. Really appreciate your work
I have a question. If the paid check is on the statement date of dec . are those cleared check? And we do not need to deduct check amount on the bank side ,right
Sir, you're a genius I'm honored to be your student. Wish I had met you earlier 🙌💯
I appreciate that, Joseph! Thank you and please visit the website for more farhatlectures.com/
18:21 the 90 dollars should impact the bank book right?
We paid a check for $121 but in our books we already reduced by $211, deducting additional $90 from cash book would result in double counting.
Yes, you made it correct we should add 90 back in the cash account.
Really appreciate your work
Appreciate 🙏.
Welcome! Please take a look at my intermediate accounting class; farhatlectures.pathwright.com/library/?category=Intermediate+Accounting
I have a question. If the paid check is on the statement date of dec . are those cleared check? And we do not need to deduct check amount on the bank side ,right
Kindly share the book name with author?
Wiley Keiso. You are very welcome! Please take a look at my website for more resources: www.farhatlectures.com
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