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larisa86 [58]
1 year ago
11

after a bank reconciliation is completed, journal entries are prepared for items in the balance per company's records as well as

items in the balance per bank statement. true false
Business
1 answer:
BaLLatris [955]1 year ago
7 0

'After a bank reconciliation is completed, journal entries are prepared for items in the balance per the company's records as well as items in the balance per bank statement.

This statement is False.

In accounting, bank reconciliation is the process of reconciling the bank account balances on a company's books with the balances reported by financial institutions in their most recent bank statements. You should check the difference between the two numbers and correct if necessary.

Bank reconciliation is the process of reconciling cash book data with corresponding data on bank statements. This is an important process for the CFO's office and ensures the accuracy of the accounting records.

Bank reconciliation is an important internal control tool and is necessary to prevent and detect fraud. It also helps identify accounting and banking errors by explaining the difference between cash balances on accounting records and bank balances on bank statements.

Learn more about Bank reconciliation brainly.com/question/15525383

#SPJ4

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how does being mindful of your strengths, skills, weaknesses, and potential challenges or obstacles impact your personal, academ
aalyn [17]

Explanation:

It’s not unusual for people to compare themselves with others around them, and to feel superior or inferior towards them based on their strengths and their weaknesses.

The thing is, every individual is different and we all function differently based on our personalities. It is important to know yourself and your capacities.

Your strengths are things you can leverage on, things you can use to push yourself further.

On the other hand, your weaknesses are not your downfall. These are areas you need to improve on. It is not something you lack. It is something you need to develop and build.

In order to leverage your strengths and improve on your weaknesses, you first need to know them.

4 0
3 years ago
According to modern growth theory, the key to economic growth is Group of answer choices a large pool of unskilled labor. skille
denis23 [38]

Answer:

Skilled labor

Explanation:

As per the modern economic growth theory, the economic growth would be possible via expenditure done on research & development and have the knowledge regarding innovations so for this the skilled labor is required that helps in research & development and so for innovations

So as per the given statement, the skilled labor is the correct option

Hence, the same is to be considered

5 0
3 years ago
In an economy where heating oil is the primary source of heat for most households, new supplies of natural gas, a substitute for
Otrada [13]

Answer:

Price Decreases & Quantity Decreases

Explanation:

As a result of the discovery of an alternative which is cheaper, consumers increase demand for natural gas. The demand for heating oil would fall. This would lead to a fall in price and quantity.

I hope my answer helps you

8 0
3 years ago
What are the limitations of gdp and gnp
shutvik [7]

The limitations of GDP. GDP is a useful indicator of a nation's economic performance, and it is the most commonly used measure of well-being. However, it has some important limitations, including: The exclusion of non-market transactions.

7 0
3 years ago
Read 2 more answers
A product has annual demand of 100,000 units. The plant manager wants production to follow a four-hour cycle. Based on the follo
vova2212 [387]

Answer: The options are given below:

A. $18.00

B. $1,036.80

C. $2.00

D. $7.20

E. $64.00

The correct option is D. $7.20

Explanation:

From the question above, we were given:

Annual demand = 100,000 units

Production = 4 hour cycle

d = 400 per day (250 days per year)

p = 4000 units per day

H = $40 per unit per year

Q = 200

We will be using the EPQ or Q formula to calculate the cost setup, thus:

Q = √(2Ds/H) . √(p/(p-d)

200=√(2x400x250s/40 . √(4000/(4000-400)

200=√5,000s . √1.11

By squaring both sides, we have:

40,000=5,550s

s=40,000/5,550

s=7.20

4 0
3 years ago
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