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In a Bank Reconciliation,a Book Error Will Be Shown on the Bank

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In a bank reconciliation,a book error will be shown on the bank side of the reconciliation.

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Definitions:

Statement of Cash Flows

A financial report that provides aggregate data regarding all cash inflows and outflows a company receives from its ongoing operations, investing, and financing activities.

Net Increase

The amount by which something grows or rises, subtracting decreases from increases over a period of time.

Financing Activities

Transactions and events that affect long-term liabilities and equity of an organization, such as issuing stock or obtaining a loan.

Financing

The act of providing funds for business activities, making purchases, or investing.

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