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GaryK [48]
1 year ago
8

While preparing a bank reconciliation, a bank service charge was discovered. This adjustment would be recorded with a?

Business
1 answer:
Sedaia [141]1 year ago
7 0

While preparing a bank reconciliation, a bank service charge was discovered. This adjustment would be recorded with a Credit to cash, debit to bank fees expense.

Bank Reconciliation is an important manner in accounting wherein agencies healthy their bank statements with the transactions which can be recorded in their preferred ledger. making ready a financial institution reconciliation statement facilitates businesses to put off viable errors in transactions or bookkeeping.

There are 5 principal kinds of bank reconciliation: financial institution reconciliation, consumer reconciliation, dealer reconciliation, inter-company reconciliation, and business-unique reconciliation.

In bookkeeping, a financial institution reconciliation is a procedure by using which the financial institution account balance in an entity’s books of account is reconciled to the balance said by using the monetary organization inside the maximum latest bank declaration. Any distinction between the 2 figures needs to be examined and, if appropriate, rectified.

Learn more about bank reconciliation here brainly.com/question/15525383

#SPJ4

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The strategy that explains the methods that a division or an organization will use to compete against its rivals in the industry
hammer [34]

Answer:

The strategy that explains the methods that a division or an organization will use to compete against its rivals in the industry is a business-level strategy

Explanation:

The business-level strategy focused on increasing the value of the business to the customer while keep trying to increase profit. We can divide the strategy into 4 main types based on the source of competitive advantage and the business scope.  

When the business source of competitive advantage is cost, the business will trying to have the cheapest price compared to other competitors. Another option of the competitive advantage is the differentiation of the product, making different products than your competitor.

The scope will also be divided into two types. Broad scope is when the business target a wide range of the market. Narrow scope is when focusing at niche market.

7 0
3 years ago
The fed’s efforts to manage interest rates and thus the availability of credit is known as:__________
blagie [28]

The fed’s efforts to manage interest rates and thus the availability of credit is known as monetary policy.

A country's central bank uses a set of instruments called monetary policy to regulate the total amount of money in circulation, foster economic expansion, and implement measures like adjusting interest rates and altering bank reserve requirements. The discount rate, reserve requirements, and open market operations are the three primary instruments of monetary policy.

As the nation's monetary policy regulator, the Fed affects the cost and availability of credit and money to support a robust economy. Controlling inflation, moderating employment levels, and preserving long-term interest rates are the three goals of monetary policy.

To know more about monetary policy refer to:  brainly.com/question/28038989

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8 0
2 years ago
Which of the following will probably earn a higher level income?
aleksley [76]

In my opinion D. a female accountant with a masters degree in business administration, will earn a higher level of income. <em>Explanation- if she has a masters then they may accept her in jobs other people are not able to get without a masters, they may also pay her higher because of it.</em>


<h3>Hope this will help- for more help follow me, or contact me</h3>
7 0
3 years ago
Read 2 more answers
How taxation and legislation impact positively and negatively on a company?
wel
Positive : Taxation could be used to exclude some expenses that could be putted in the income statement

Negative : Taxation will cut out some part of the company's annual revenue

hope this helps
6 0
3 years ago
2.A pump has failed in a facility that will be replaced in three years. A brass pump costing $6,000 will last three years. A use
lapo4ka [179]

Answer:

-$1,500 more expensive

Explanation:

Calculation for How much cheaper or more expensive would it be to use the stainless-steel pump rather than a new brass pump

Using this formula

Cheaper or more expensive=Brass pump value-( Current pump value+Pump reconfigure extra amount spent)

Let plug in the formula

Cheaper or more expensive =$6,000-($7,000+$500)

Cheaper or more expensive =$6,000-$7,500

Cheaper or more expensive =-$1,500 more expensive

Therefore based on the information given the stainless steel pump will be $ 1500 more expensive than the brass pump.

4 0
2 years ago
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