Answer:
1. Arrange all of the canceled checks in numerical order.
2. Make a list of outstanding checks, with the amounts for which they were written.
3. On the bank statement, find the amount the bank has credited you. It is called "ending balance.
4. Subtract the outstanding checks from the ending balance.
5. Check to be sure that all deposits included in your record book are included and service charges are subtracted.
6. After checking for service charges, check the bank statement for other charges.
7. The statement should agree with your check register.
Explanation:
First arrange arrange the cancelled checks numerically, list all outstanding checks also referred to as unrepresented checks to know amount recorded in the firm book not in the bank statement, Also check the bank statement to identify the ending balance, then deduct the unrepresented or outstanding checks from the ending balance. check to be sure there are no un-credited checks and bank charges, ensure they are deducted. This will agree the bank statement with the cash book
Answer:
the quick ratio is 1.4 times
Explanation:
The computation of the quick ratio is given below:
Quick ratio is
= (Cash + Accounts receivables) ÷Current liabilities
= ($120,000 + $80,000) ÷ $140,000
= 1.4 times
hence, the quick ratio is 1.4 times
The same should be considered and relevant
<span>The final, printed version of the loan application is called the unfirom residential loan application or the 1004 mortage application form. This application is a five page application that the lender helps the borrower(s) fill out before making the purchase offical. All people that are going to be on the loan must fill out the form with all necessary information. </span>
