Banking · Inter-branch Reconciliation
In commercial banking accounting, when dealing with Inter-branch Reconciliation (IBR) entries, how should persistent unlinked entries or mismatches between originating and responding branches be handled?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Exempt inter-branch transactions from double-entry bookkeeping.
- 2Delete the transaction if unconfirmed within 48 hours.
- 3Perform periodic reconciliation, investigate unlinked entries, and create adequate provisions for prolonged outstanding debit entries.✓
- 4Park the difference permanently in the General Reserve.
Correct answer
Perform periodic reconciliation, investigate unlinked entries, and create adequate provisions for prolonged outstanding debit entries.
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