All categories

1 year ago

In accounting, currency, coins, checks, money orders, and funds on deposit in a bank are recorded in?

Business

1 answer:

Dafna1 [17]1 year ago

8 0

In accounting, currency, coins, checks, money orders, and funds on deposit in a bank are recorded in cash.

<h3>What is cash in a bank in accounting?</h3>

Cash in Bank refers to the current balance in checking or savings accounts or other accounts of a similar nature held in the name of the company or business requesting the certificate. Do not include amounts from personal bank accounts or retirement accounts.
Every month, the bank will normally send the account holder an official bank statement that lists all of the transactions that occurred on the account that month. Account information can be found on bank statements, including account numbers and a thorough list of deposits and withdrawals.
There are three different forms of accounting transactions based on the exchange of money: cash transactions, non-cash transactions, and credit transactions.

In accounting, currency, coins, checks, money orders, and funds on deposit in a bank are recorded in cash.

To learn more about bank accounts, refer to:

brainly.com/question/24179665

#SPJ4

You might be interested in

꒻ꁲꌅ?????????????????????????????????????????????????????????????????????????

UkoKoshka [18]

Answer:

what this?

Explanation:

thanks for the points have great day im so sorry if this was suppose to be an educational question

3 0

3 years ago

One way in which international trade results in a higher standard of living?

Whitepunk [10]

I will will engage with this "The more a nation engages in International Trade, the better its Standard of Living will be, because no nation can make everything."

3 0

3 years ago

The real risk-free rate is 3.05%, inflation is expected to be 3.60% this year, and the maturity risk premium is zero. Ignoring a

natulia [17]

Answer:

Ans. The equilibrium rate of return on a 1-year Treasury bond is 6.65% (please check the explanation)

Explanation:

Hi, well, this type of bonds exist so people can avoid the time value of money risk, in other words, to keep money save from inflation and provide a risk free return at the same time. From a part of the text I can tell that the person who wrote it wanted to add up the risk free rate and the inflation rate, that is 3.05%+3.60% =6.65%.

This is why I wrote this answer, but the truth is that since they are both effective rates (risk free rate and inflation), they need to be add as effective rates, that is:

$(1+r(e))=(1+rf)*(1+Inf)$

Therefore

$r(e)=(1+rf)*(1+Inf)-1$

$r(e)=(1+0.0305)*(1+0.036)-1=0.0676$

So the real equilibrium rate of return is 6.76%, but for the sake of the question, I wrote 6.65%.

Best of luck.

6 0

4 years ago

When workers negotiate as a group with employers, they are engaging in ____.

Jlenok [28]

Collective Bargaining

3 0

4 years ago

23. The three steps of project management are _____.

Mrrafil [7]

Answer:

The correct answer is letter "B": creating the work plan, staffing the project, and controlling and directing the project.

Explanation:

Project Management is a discipline that comprehends the organization, planning, motivation, and control of a company's resources to reach objectives established to achieve success in one or many projects within the limits of the corporation.

The main three steps in every project management include project initiation -plan creation, staffing the project -recruiting and selecting project members, and controlling and directing the project -monitoring the project progress.

4 0

3 years ago