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notka56 [123]
2 years ago
10

If a check correclty written and paid by the bank is incorrectly recorded in the company;s's books for $794 how should this erro

r be treated on the bank reconcilliation
Business
1 answer:
worty [1.4K]2 years ago
6 0

If a check correctly written and paid by the bank for $749 is incorrectly recorded in the company's books for $794,  this error be treated on the bank reconciliation--- Subtract $45 from the book balance.

What is bank reconciliation?

Bank Reconciliation is an important process in accounting in which organizations match their bank statements with the transactions that are recorded in their general ledger. Preparing a bank reconciliation statement helps businesses to eliminate possible errors in transactions or bookkeeping

What is the journal entry for bank reconciliation?

The journal entries for the bank fees would debit Bank Service Charges and credit Cash. The journal entry for a customer's check that was returned due to insufficient funds will debit Accounts Receivable and will credit Cash.

Learn more about bank reconciliation :

brainly.com/question/15525383

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The percentages in the table represent the performance change from the previous month. Consider the impact of each metric on cus
Stolb23 [73]

Based on the metrics given, we can say that shipping errors were <u>not very impactful </u>on customer questions.

<h3>Relationships between metrics</h3>
  • Customer questions kept rising by 2% from the first month till the third month.
  • Shipping errors (shipped incorrectly) rose by 2% from the first to the second month and then stayed constant.

What we then realize is that even though questions kept rising, shipping errors only rose once which means that shipping errors did not account for much of customer questions. If it did, the customer questions would have stayed constant as well.

In conclusion, shipping errors were not very impactful.

Find out more on performance metrics at brainly.com/question/4295533.

5 0
2 years ago
If incomes increase during a period of expansion, goods considered to be inferior will experience?
Olegator [25]

If incomes increase during a period of expansion, goods considered to be inferior will experience:

  • A decrease in demand

<h3>What are inferior goods?</h3>

Inferior goods are those types of goods that consumers have little or no interest in. These goods are mostly sought after when the economy is tough and people have no option but to purchase them.

However, when the economy improves and there is an expansion, people will naturally return to the goods that they believe have superior quality. When they make this move, the inferior goods will experience a decrease in demand.

Learn more about inferior goods here:

brainly.com/question/20532958

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5 0
2 years ago
Skills that can be used in any occupation are ___________ skill. (soft or hard)​
mojhsa [17]

Answer: The answer is hard skills. Hope this helps :)

Explanation:

In most jobs being teachable is better and not all occuaptions include communication & human services.

8 0
3 years ago
In addition to​ risk-free securities, you are currently invested in the Tanglewood​ Fund, a​ broad-based fund of stocks and othe
Murrr4er [49]

Answer:  6.29%

Explanation:

Required return = Risk free rate + beta ( expected return - risk free rate)

Beta.

= Correlation * \frac{Volatility of venture}{Volatility of fund} \\\\= 0.16 * \frac{0.8117}{0.2636} \\\\= 0.493

Required return = 3.63% + 0.493(9.03% - 3.63%)

= 6.29%

7 0
4 years ago
In many developing countries, the amount paid in ___________________ was as much as the combined amount for water, health, agric
Marianna [84]

In many developing countries, the share paid in a deficit budget was as much as the united amount for water, health, agriculture, roads, transport and finance.

<h3>What is the surplus and deficit budget?</h3>

A budget surplus is when extra money is gone over in a budget after expenses are paid. A budget deficit ensues when the federal government spends more money than it contains in revenue. Internal loans that drive up for the bulk of public debt are further divided into two broad types – marketable and non-marketable debt.

Anyone having borrowed funds or interests from another owes a debt and is beneath obligation to return the goods or repay the funds, usually with interest. For governments, the demand to borrow to finance a deficit budget has led to the growth of various states of national debt.

To learn more about the deficit budget visit the link

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6 0
1 year ago
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