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4 years ago

Reconciling your bank statement is

2 answers:

kondor19780726 [428]4 years ago

3 0

Reconciling your bank statement is simply comparing your records to your monthly banking statement sent to you by your financial institution for any discrepancies or errors

nydimaria [60]4 years ago

3 0

Answer:

When someone reconciles their bank statement they are comparing and adjusting their checking account balance with the account balance that the bank sends them. It is normal to find discrepancies between an individual's or a business's account balance with the account balance that the bank issues mainly because of:

deposits in transit: you may have deposited some checks in your account but the bank hasn't recorded the money yet
outstanding checks: checks that you handed out but haven't been cashed yet
bank fees (e.g. printing fees, etc.)

When you perform a bank statement reconciliation, you are checking that your account balance is correct.

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As managers use less and different types of direct materials, which of the following standards do managers focus on to enhance s

seropon [69]

Answer:

D) Both A and B

Explanation:

A sustainable workplace is the setup of the workplace in which the environment is employee-friendly. The cases of accidents and injuries and bad environment are absent in such type of workplace. The employees find such places a very healthy and favorable. It helps in generating a sound profit for the organizations.

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4 years ago

Complete the Transaction Worksheet: On the form provided, identify the accounts affected by each transaction and the amount of i

antiseptic1488 [7]

Answer:

I used an excel spreadsheet because there is not enough room here.

Explanation:

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4 years ago

Abbott Landscaping purchased a tractor at a cost of $40,000 and sold it three years later for $20,300. Abbott recorded depreciat

dsp73

Answer:

The Journal entries are as follows:

(i) Sale of Equipment

Cash A/c Dr. $20,300

Accumulated Depreciation A/c Dr. $22,500

To Equipment $40,000

To Gain $2,800

(To record the sale of equipment)

(ii) Sale of Equipment

Cash A/c Dr. $12,700

Accumulated Depreciation A/c Dr. $22,500

Loss A/c Dr. $4,800

To Equipment $40,000

(To record the sale of equipment)

Workings:

Accumulated Depreciation = [(40,000 - 2,500) ÷ 5] × 3 years

= 7,500 × 3 years

= $22,500

4 0

4 years ago

Which of the following account groups are temporary accounts?

victus00 [196]

Answer: d. Rent Revenue, Fees Earned, Miscellaneous Expense

Explanation:

Temporary accounts are also referred to as nominal accounts and they are the accounts that are closed when the year ends and began afresh the following accounting period and they basically relates to fees, expenses and gains.

From the options above, the answer will be option D "Rent Revenue, Fees Earned, Miscellaneous Expense"

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3 years ago

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These are four points from a presentation on the Great Depression:

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c. history of the Great Depression

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3 years ago