Which adjustment require on bank reconciliation


Response to the following questions:

1. Why don't the additions and deductions from the bank balance on a bank reconciliation require adjustment by the company?

2. Do all transactions by U.S. companies with foreign parties require special accounting procedures by the U.S. companies? Explain.

If possible, please give examples to better understand your answers.

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Accounting Basics: Which adjustment require on bank reconciliation
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