<span>An outstanding check is a check issued by the payor
and released to the payee that remains to be undeposited or uncashed check at a
certain financial period. When reconciling the bank statements with company
books, an outstanding check is deducted from the unadjusted bank balance to
arrive at the adjusted bank balance. </span>
Answer:
B
Explanation:
moneys always good motivation
Answer:
$4,000
Explanation:
The operating activities records daily activities of a business entity transactions such as depreciation expense, loss or profit on sale of long term assets, change in working capital etc.
With regards to the above scenario, there is a loss of $4,000 on the sale of equipment whilst same was recorded under the operating activity section as positive.
It is to be noted that the sale and equipment of an equipment falls under investing activity section hence shod be recorded therein as such, reason it was not considered here.
Answer:Worthy journal $
Date
March 14, 2022
Bad debt Dr 2600
Receivable Cr 2600
Narration. Record of receivables written off to income account on account becoming unrecoverable.
Explanation:
The direct method of written off bad debts do not make provision for estimate of receivables that are likely to go bad in which the estimate is recognised as debit to income statement and the corresponding credit entry is used to reduce the receivables, with adjustment been made at the year end for variances.
In the direct method the actual bad debts is debited in the income s statement and credited to the receivables accounts.
<span>Once the organization structure is in place, a supervisor must identify the tasks to be done, combine them into jobs, and then formalize the process through a: D. Scalar Chain
In a scalar chain, there is a clear distinction of authority between the supervisor and te employees. In this process, the employees are free to communicate to the supervisor about anything</span>
