Banking
Nostro Account Reconciliation — In-Transit Item
Adjusting the books for items in transit between the bank and its correspondent bank.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Nostro Reconciliation Suspense | Asset (+) | 15,000.00 | - |
| Nostro Account (Adjusted) | Asset (-) | - | 15,000.00 |
💡 Accountant's Note
Nostro accounts frequently have in-transit items. A suspense account holds unmatched items until they are identified and cleared. Unreconciled nostros are a key audit risk and require daily management.
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