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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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bryan's company wanted to gain a greater market share on its bicycle products so it built in greater functionality to the bikes
Anarel [89]

Option (b) is the best choice. The part of value creation that Bryan's business is focused on is value.

<h3>What exactly does value creation entail?</h3>

Value creation is the process of transforming effort and resources into something that satisfies the needs of others. That includes things like people constructing something in a factory, farmers cultivating crops, and other intangible assets like computer code and original ideas.

<h3>What is the secret of value creation?</h3>

Without a grasp of the potential consumer and their business, value creation is impossible. Before engaging in prolonged conversation with a lead, salespeople should spend a significant amount of time investigating the lead.

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5 0
1 year ago
Ford Corporation is pulling together its direct labor budget for the next two months. Each unit of output requires 0.05 direct l
nasty-shy [4]

Answer:

\left[\begin{array}{ccc}-&$June&$July\\$Units&3,800&4,300\\$Hours per Unit&0.05&0.05\\$Labor Hour&190&215\\$Rate&9.9&9.9\\$Labor Cost&1,881&2,128.5\\\end{array}\right]

Explanation:

\left[\begin{array}{ccc}-&$June&$July\\$Units&3,800&4,300\\$Hours per Unit&0.05&0.05\\$Labor Hour&190&215\\$Rate&9.9&9.9\\$Labor Cost&1,881&2,128.5\\\end{array}\right]

We multiply the required units by the time per units

That way we obtain the labour hours

Next we multiply by the labor rate, giving us the labor cost.

<u>Key -terms</u>

labor rate: the total cost of an employee per hour

labor hours: 1 hours of work from an employee

4 0
3 years ago
When a firm invests directly in a business or venture in another country, it is called ______.
pshichka [43]

When a firm invests directly in a business or venture in another country, it is called FDI.

A form of private equity financing known as venture capital (VC) is given by venture capital funds or organizations to startups, early-stage, and developing businesses that have been identified as having a high growth potential or that have already shown a high growth rate (in terms of number of employees, annual revenue, scale of operations, etc). These early-stage businesses are funded by venture capital firms or funds in exchange for equity, or ownership stakes.

In the hopes that some of the businesses they support will succeed, venture capitalists take on the risk of financing hazardous start-ups. Startups face a lot of uncertainty, and VC investments frequently fail.

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brainly.com/question/28462236

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4 0
1 year ago
The size of a video on the powerpoint slide can be changed by adjusting
gogolik [260]
If you go to movie format tab
Under size you can enter the height and width
3 0
3 years ago
Read 2 more answers
Which one of the following methods considers the time value of money in evaluating alternative capital expenditures?
Svet_ta [14]

Answer:

correct option is B. Net present value

Explanation:

solution

here time value of money in the evaluating of alternative capital expenditure is NPV ( Net present value )

and we know that NPV ( Net present value ) is calculated as the difference in between the cash inflow and the present value of the cash outflow  ............1

so we can say correction option is B. Net present value

5 0
4 years ago
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