Bank balance and check book balance should always be the same but in case if there is some differences, it might be possible that certain amount is not recorded or missed either by bank or check book balance, hence the books should be reconciled.
The reconcile statement above should be:
Balance as per bank statement:
Add: Deposits in transit:
Less: Outstanding checks recorded in check book and not recorded in bank book.
Reconcile balance in the books of bank.
The image attached shows the reconciliation .
Balance as per cash book:
Less: Service charge deducted by bank but not recorded in check book
Add: Interest earned not recorded in check book
Reconcile Balance as per cash book.
The image is attached.
Answer:
A is the correct option.
Explanation:
The increase in the general price is known as inflation. This inflation occurs when people know that Inflation is going to occur and they start preparing for it. e.g In case of increased interest rates if the inflation is anticipated, the banks try to protect themselves by increasing the interest rates. There is also unanticipated inflation which occurs when people are unaware that inflation until the price level increases. In the case of unanticipated inflation, people are unprotected.
Answer:
Option D The role of technological innovation and entrepreneurs as central to economic growth.
Explanation:
The reason is that these generate value of the country's product due to its uniqueness and preferable services provision which means that the exports of the product will grow and the domestic sales will also grow if the product is innovative. Innovations brings the demand because nowadays the fight is not on the borders the fight among countries is generating heavy amount of reserves through increase in exports. And this growth in economy is only possible if the country's products are produced efficiently on the international market which is only possible if the innovation has decreased the cost of producing the products or the products produced are efficient.
The factor that determines the goods and the services that are produced by a country is the wants of the citizens.
<h3>What is want in economics?</h3>
This is a term that has to do with the goods and services that are desired by the people of a nation.
The wants of the people are satisfied using the available resources that are in the economy.
Read more on production here:
brainly.com/question/16755022
#SPJ1
Answer:
The correct answer is A
Explanation:
Rigid foam board insulation is the one which comprise of the sheets of polyiso, polyurethane or polystyrene foam which is a closed cell as opposite of the open cell.
Closed cell board insulation is strong and possesses the higher R value than the open cell insulation.
Rigid board insulation is the kind of insulation which is used for work on the basement walls, on the flat roofs as a perimeter insulation at the concrete edges of slab.