1. What does reconciling an account involve?

Business

2 answers:

kondaur [170]3 years ago

5 0

1. The answer is "A. checking one's financial records against the bank’s".

Reconciling an account frequently implies demonstrating or reporting that a record balance is right. For instance, we accommodate the parity in the general record account Cash in Checking to the equalization appeared on the bank articulation. The goal is to report the right sum in the general record account Cash in Checking. You will regularly need to modify the general record account balance for things showing up on the bank explanation that were not entered in the general record account.

2. The answer is "b. They last for a set period of time".

A certificate of deposit (CD) is a funds declaration with a settled development date and indicated settled financing cost that can be issued in any category beside least venture necessities. A CD confines access to the assets until the point that the development date of the venture. Certificates of deposit are for the most part issued by commercial banks and are protected by the Federal Deposit Insurance Corporation (FDIC) up to $250,000 per person.

kozerog [31]3 years ago

4 0

The first one is A) checking one's financial records against the bank’s

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Answer:

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Explanation:

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During 2010, raines umbrella corp. had sales of $850,000. cost of goods sold, administrative and selling expenses, and depreciat

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To calculate:
1) Net income (loss) for 2010.
2) Operating cash flow
Solution: 1)
Sales = $850000
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Less: Administrative and selling expenses = $110000
Earning before Interest, Tax and Depreciation = $130000
Less: Depreciation = $140000
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Less: Tax = $0 (as company is having negative EBT or loss hence no tax)

Net loss = $95000
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Answer:

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Explanation:

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Answer:

True

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