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RUDIKE [14]
1 year ago
10

What does reconciling an account mean?

Business
1 answer:
Gala2k [10]1 year ago
8 0

Reconciliation is the accounting process of comparing two data sets to ensure that the numbers are correct and consistent.

Reconciling bank statements simply means comparing your internal financial records with those provided by your bank. This process is critical to being able to identify anomalous transactions caused by fraud or accounting errors.

All businesses are required to reconcile their banks at least once a month. It is convenient to reconcile the books immediately after the end of the month, as at the end of the month your bank will send you a monthly statement that you can use as the basis for your reconciliation. Balance sheet reconciliation is the process of closing the balances of all individual companies.

Learn more about Reconciliation here:- brainly.com/question/15525383

#SPJ4

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Answer:

C.

Explanation:

Do teams and individuals follow instructions well?

All the projects in an organization are based in team work, and need to be thinking as a team that reacts to a external environment.  So, this exclude answers A, B and D.

4 0
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What is a renewal date
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 2 : the quality or state of being </span>renewed<span>.
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3 years ago
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okay so my attendance is REALLY bad in high school ( I’m a junior rn) like all 3 years my attendance has been lacking &amp; is t
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Answer:

Not unless your grades reflect that i think you should be okay

Explanation:

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Ugar has relocated a production firm to a country that has lower production costs, and is closer to his customers. What type of
erastovalidia [21]

The advantage offered to Ugar by relocating their production firm is a reduction in the cost of doing business.

<h3 /><h3>What advantage does Ugor gain?</h3>

When Ugor relocated to the country that has a lower production cost, it means that they will spend less to produce their goods and services.

He will also spend less on transporting his goods to his customers. These reduced costs mean that his cost of doing business has reduced.

Find out more on the practice of relocating production at brainly.com/question/1278377.

4 0
2 years ago
Suppose you place $10,000 in a retirement fund that earns a nominal interest rate of 8 percent. If you expect inflation to be 5
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Answer:

b. 3 percent.

Explanation:

Real interest rate is nominal interest rate less expected inflation rate.

Real interest rate = nominal interest rate - expected inflation rate

8% - 5% = 3%

I hope my answer helps you

6 0
3 years ago
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