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AVprozaik [17]
1 year ago
5

In preparing a bank reconciliation, the amount of an error indicating the recording of a check in the journal for an amount larg

er than the amount of the check is added to the balance per company's records.
Business
1 answer:
never [62]1 year ago
6 0

The statement is true.

In preparing a bank reconciliation, the amount of an error indicating the recording of a check in the journal for an amount larger than the amount of the check is added to the balance per the company's records because the excess amount would be reduced from the bank balance in the company's records, So the company books are not correct. To make them correct the excess amount should be added back to the balance as per the company's records.

For example, if the check amount was 500 but the company recorded it as $550. Then means that the company records show $50 less compared to the bank statement. Therefore, that $50 is added back and then it comes equal to the bank statement balance.

When a note is written to settle open account an entry that converts the accounts receivable account to a note receivable account is required. This entry is required because when the note is written to settle accounts the company has to receive notes in the future and the amount of the account.

<em>Your question is incomplete. Please read below to find the missing content.</em>

In preparing a bank reconciliation, the amount of an error indicating the recording of a check in the journal for an amount larger than the amount of the check is added to the balance per company's records.

TRUE

FALSE

Learn more about balance here: brainly.com/question/1115815

#SPJ4

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Based on comments that the client wants to pay a regular premium and leave the worry to the insurance company, the whole life insurance policy would best suit his expectations.

A whole life insurance policy is one of life insurance that allows life coverage until the death of the life of the client assured or pays the premium, it has the following traits:

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Thus, the correct answer would be - the whole life insurance.

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3 years ago
Your town's public library is heavily damaged by a fire. Luckily, no one was hurt, but many of the books were lost. How should A
nadezda [96]

Answer:

Explanation:

The best response from Alexandria would be a positive one, counting their blessings that no one was actually hurt and instead of wallowing over the lost books, thinking of a way to recover them. One way would be to ask around for donations from the community in order to re-purchase all of the damaged or destroyed books for the library. This would bring more positivity and at the same time provide a solution to the current problem.

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Answer:

Ozzie's purchase of the 2017 new Ford would be included in GDP

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Only goods produced in a given year would be included in the calculation of GDP.

Its only the 2017 new Ford that produced in 2017 that would be counted as part of 2017's GDP

I hope my answer helps you

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Answer: $ 1,200,000

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An example of production is the manufacture of automobiles. A car is made up of parts. For example, rubber tires are added to a metal body to create a seat before the car leaves the assembly line. “Production is the organized activity of transforming resources into final products in the form of goods and services. The goal of production is to meet the demand for such transformed resources.

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