1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
marishachu [46]
3 years ago
6

A bank reconciliation:Group of answer choicesis a formal financial statementboth A and B are correctis part of a sound internal

control systemshould not be prepared by an employee who handles cash transactions
Business
1 answer:
Anna [14]3 years ago
3 0

The Correct question reads;

Which of the following statements about bank reconciliations is correct?

a. Should not be prepared by an employee who handles cash transactions

b. Is part of a sound internal control system

c. Is a formal financial statement

d. Both (a) and (b) are correct

Answer:

<u>a. Should not be prepared by an employee who handles cash transactions</u>

<u>Explanation:</u>

It is only a bank that prepares a bank reconciliation statement. So, it is correct to say that a bank reconciliation statement should not be prepared by an employee who handles cash transactions.

You might be interested in
Which users will be able to see account numbers if they are enabled?
slava [35]

The users which will be able to see account numbers if they are enabled in Quickbooks is:

  • All users will see the account numbers.

<h3>What is Quickbooks?</h3>

This refers to an accounting software which is used to make accounting calculations and also take invoice which helps in the tracking of expenses, etc.

With this in mind, we can see that with the Quickbooks trial balance, if the account numbers are enabled, then all the users would be able to see it <em>as it is not restricted to</em> company admins or primary admins,

Read more about accounting here:
brainly.com/question/1033546

4 0
2 years ago
Aragon Company has just received the August 21, 2010 bank statement, which is summarized below.
Nina [5.8K]

Answer:

Complete solution in tabular form is given below for better understanding and demonstration.

7 0
3 years ago
Government policies that heavily tax some activities while subsidizing others and that fix or control interest rates will result
mart [117]

Answer: Government policies that heavily tax some activities while subsidizing others and that fix or control interest rates will result in lower productivity of investment.

Explanation: Lowering productivity of investment will cause the economy to not do as well due to the small level of investments happening. When the government heavily taxes different things, it lowers the amount of people purchasing those items due to the high rates.

7 0
3 years ago
Your seller wants to net $100,000 after the 5ommission is paid. assuming no closing costs, at what price does the home need to s
Murljashka [212]

$105,263.16

The seller's percentage of a sale is 100% - 5% commission = 95% (or .95). Take the amount the seller wants to net and divide it by that amount ($100,000 ÷ .95 = $105,263.16). Conversely, for a sales price of $105,263.16: $105,263.16 × .95 = $100,000.

the sales price is the discounted price at which goods or services are sold. This price is typically offered for a limited time and is typically used to promote sales during a recession or sell excess inventory. Discounts are advertised as a percentage of the regular list price.

Although the two are interchangeable, the sale price is usually used when the sale results in a lower than normal price for an item. Discounted prices on items compared to regular retail prices. According to the Business Dictionary, selling price is an "alternative term for price."

Learn more about sales price here: brainly.com/question/7459025

#SPJ4

4 0
2 years ago
What is the name of the economic system where the government, or another central administration, regulates supply and prices?
MrMuchimi
It is called centrally-planned economy or command economy 
5 0
3 years ago
Other questions:
  • Which step of selling includes cold-calling?
    10·2 answers
  • The adjusted trial balance of Concord Company shows the following data pertaining to sales at the end of its fiscal year, Octobe
    13·1 answer
  • Jack owns a local trucking company. With fuel costs being expensive, Jack wants to evaluate how much fuel, on average, he should
    7·1 answer
  • Employees who handle and prepare food should:
    9·1 answer
  • Real gross domestic product _______.a. is a measure of inflation. b. can change from one year to the next even if there is no ch
    13·1 answer
  • These are generally awarded to undergraduate students based on need, school cost, and/or enrollment status and do not have to be
    13·2 answers
  • Dante, the plant manager at Inferno Manufacturing, is interested in increasing the facility's productivity by utilizing MBO so t
    14·1 answer
  • Sheridan, Inc. is a calendar-year corporation whose financial statements for 2020 and 2021 included errors as follows: Year Endi
    6·1 answer
  • Describe the key differences in how bank capital ratios change as GDP increases between large and small banks.
    11·1 answer
  • 11. The Federal statute that was intended to reduce the number of repetitive NFIP claims while also reducing flood losses and co
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!