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stich3 [128]
1 year ago
15

If the owner of business withdrawals money for personal use but in performing a bank reconciliation determines that she had negl

ected to record the withdrawal what accounting entry would be necessary?
Business
1 answer:
s2008m [1.1K]1 year ago
4 0

Debit withdrawals; credit cash is the correct answer.

<h3>What are drawings in accounting?</h3>
  • A drawing bank is not in and of itself a bank account.
  • Drawing in accounts are the records kept by a company owner or auditor that show how much cash has been taken by business owners.
  • These are transfers made for personal use rather than for the profit of the business, yet they are governed in a way that employee earnings are not.
  • Because these transfers must be offset against the owner's equity, accurate records must be maintained.
  • A separate drawings directly deals with it simpler to keep track of these actions and balance the books at the conclusion of every fiscal year when you need to know how to end your drawings account.

learn more about drawing account refer:

brainly.com/question/28137060

#SPJ4

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g If you require an annual rate of return of 12 percent, what should be the estimate of the amount of the annual dividend which
choli [55]

Answer:

Its very simple, the required return would be 12% of the amount invested today. And this can be explained by the use of DVM (Dividend valuation Model), which is as under:

For ordinary shares  r = (Dividend after one year / Share price now)

Dividend after one year =  Required return * Share Price Now

Assuming no growth in the dividends, we can say that the required return would be 12% of the amount invested now which is the share price of the ordinary shares.

6 0
3 years ago
If you we’re running a company describe at least two things you would do to improve its productivity
Luba_88 [7]

Answer:

<h3>1. Have standing meeting.</h3><h3>2.Create the ultimate break room.</h3>
4 0
1 year ago
Cindy invests $10000 in an account that pays an annual rate of 3.96%, compounding semi-annually. approximately how much does she
stiks02 [169]

Annual Compound Formula is:

A = P( 1 + r/n) ^nt

Where:

A is the future value of the investment

P is the principal investment

r is the annual interest rate

<span>n is the number of  interest compounded per year</span>

t is the number of years the money is invested


So for the given problem:

P = $10,000

r = 0.0396

n = 2 since it is semi-annual

t = 2 years

 

Solution:

A = P( 1 + r/n) ^nt

A = $10,000 ( 1 + 0.0396/2) ^ (2)(2)

A = $10000 (1.00815834432633616)

A = $10,815.83 is the amount after two years

6 0
2 years ago
What do we ignore when we measure GDP?
Dovator [93]
Numerous things are excluded. For example, free of charge services are not counted such as those when family members help each other. In addition, producing things for yourself or others free of charge is also excluded. These are called non-market transactions.
3 0
2 years ago
Suppose that hca and tenet were to merge. ignoring potential antitrust problems, this merger would be classified as a:
inessss [21]
The appropriate response is a Horizontal merger. An even merger is a merger or business union that happens between firms that work in a similar space, as rivalry has a tendency to be higher and the cooperative energies and potential picks up in piece of the pie are considerably more prominent for consolidating firms in such an industry.
6 0
3 years ago
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