Answer:
book error
Interest earned on checking account
collections of accounts receivable by the bank
Explanation:
The Bank reconciliation refers to the rectifying of the statement that works with the bank statement balance and the passbook balance The purpose is to equate these both statements to allow the company to work efficiently and efficient manner
As There are different transactions i.e bank error, NSF check, deposit in transit , etc that depend upon which type of statement it is due to this, the balance of the bank statement and the balance of the cash statement do not match. We modify the transactions accordingly so that these statements should be matched with each other
In order to adjust the book balance we required three items i.e book error, interest earned on checking account and the account receivables collection done by the bank
Answer:
The correct answer is predatory pricing.
Explanation:
When we speak of the legal right "defense of free competition", what we are referring to, in very simple words, is a field of law that seeks to safeguard that competition in the markets occurs "in good and sound fashion", this it is, without cheating, fraud or other "abusive" devices that are apt to achieve, maintain or increase the market power of those who execute them, thereby damaging the collective well-being of the economic agents participating in those markets (and not only the of the individuals directly involved in a certain transaction).
Answer: Option (B) is correct.
Explanation:
Correct Option: Resources to the highest value good or service.
Prices normally are able allocate scarce resources efficiently because they will allocate resources in a better way, so that there can be a full utilization of resources.
If the resources are used efficiently and effectively then this will lead to an optimal utilization of the limited resources.
Answer:
The correct answer is letter "B": Extend the useful life of an asset beyond its original estimate by several years.
Explanation:
Ordinary repairs refer to routine maintenance that equipment and machinery need to work over its estimated useful life. <em>It does not aim to extend the life of the equipment but helps meeting the estimated time a company plans to use those assets.</em> In accounting terms, ordinary repairs demand to record a debit to an expense account and a credit to a cash account.
