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2 years ago

Which of the following would be added to the balance per books on a bank reconciliation?

Business

1 answer:

FrozenT [24]2 years ago

4 0

Deposits in transit would be added to the balance per book on a bank reconciliation.

<h3>What is Bank reconciliation?</h3>

Bank reconciliation is the process by which cash balances available in an individual or organization accounting records are matched together the corresponding information of bank statement. The main objective of this statement is distinguish the differences between the book changes and the accounting records as appropriate.

Therefore, Deposits in transit would be added to the balance per book on a bank reconciliation.

Learn more about bank reconciliation below.

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1.2 Which of the following is not a nominal account?

bonufazy [111]

Answer:

i can say is capital

Explanation:

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3 years ago

A good reason for cutting meats and poultry into thin slices for sandwiches is that

stiks02 [169]

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2 years ago

Confirmations that are sent to select customers asking them to review the current balance due the client as shown on the client'

nata0808 [166]

Answer:

The correct answer is letter "C": Positive confirmations.

Explanation:

Positive confirmations are audit procedures by which ambiguous information is clarified. It also implies the confirmation of the accuracy of the data provided in the company's books and Financial Statements. By doing so, liabilities, bank accounts, accounts receivables and payables amounts are verified.

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3 years ago

You and nine of your wealthy friends decide to purchase a local minor league baseball team. The purchase price is $15 million, 6

worty [1.4K]

Answer:

Limited liability company

Explanation:

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In this question, the person involved in the running of the business is the general partner while the other 9 friends are the limited partners.

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3 years ago

Kwik taxi service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven

zimovet [89]

Answer:

Explanation:

Depreciation cost :

2016: expected useful life

Cost - salvage value X usage

= 140,000

24,300-700

=5.93*28,000 = $166,101.69

2017: expected useful life

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= 140,000

24,300-700

=5.93*33,000 = $195,762.71

Depreciation Expense:

2016: (cost-salvage value)*actual activity performed

total estimated useful life

= (24,300-700)*28,000

140,000

=$4,720

2017: (cost-salvage value)*actual activity performed

total estimated useful life

= (24,300-700)*33,000

140,000

=$5,562.86

6 0

3 years ago