Which of these are considered Cash items:
Money on hand
Checks and money orders from customers
Money in bank
Receivables (other than AR) with original maturity 90 days or less
Compensating balances (banking minimum)
Which of these are considered to be cash equivalents:
Compensating balances (banking minimums)
When must a bank reconciliation occur?
When there is a cash balance on the company's books.
When there is a cash balance on the bank statement.
If the cash balances on the company's books and the bank statement don't match.
