Bank Reconciliation & Adjusting Entry | CPA FAR Simulation (TBS)

ㅤ Work this simulation yourself, free: https://www.chatcpa.io/sample-cpa?sim... ㅤ Learn how to classify bank reconciliation differences as bank-side adjustments, book-side adjustments, or reconciliation-only items. Work this simulation yourself, free: Chapters 0:00 Intro 0:51 Outstanding Checks 1:32 Deposits in Transit 2:10 Bank Errors 3:23 Book Balance 3:52 Adjusting Entry 4:24 Returned Customer Check 5:19 Note Collection 5:43 Disbursement Error 6:14 Final Review This simulation tests bank reconciliation timing differences, bank errors, ledger footing, and the compound adjusting entry needed to reach adjusted cash. It applies ASC 305 to determine which differences require book entries and which remain reconciliation items. Narrated by my own ElevenLabs voice. Solution and explanations from the ChatCPA answer key, built by Nicholas Miller, CPA. #CPAexam #FAR #TBS