Answer:
The information on the bank statement reflects the bank's records of the depositor's account.
Explanation:
The monthly bank statement is the bank statement that issue the statement on monthly basis by the bank which reflects the depositor banking records i.e. collection and payment during the month.
So according to the given option, the last option is correct
Hence, the same would be relevant
And, the rest of the options are wrong
Answer:
amount debited to bad debt expenses = $4794
so correct option is C.$4,794
Explanation:
given data
Outstanding account receivable = 95250
credit balance of allowance for doubtful account = 921
rate = 6 %
solution
we get here Allowance for doubtful accounts that is
Allowance for doubtful accounts = 6 % of 95250
Allowance for doubtful accounts = 5715
and
so here amount should be debited to bad debt expenses is
amount debited to bad debt expenses = 5715 - 921
amount debited to bad debt expenses = $4794
so correct option is C.$4,794
This is called the Research and Development Team. Large companies have RnD teams to improve existing product, creation and facilitation of development of new product and process. Most companies RnD are composed of people of different backgrounds in engineering, Food technology, chemistry and other applied sciences.
Dictionary: Often a book listing the spellings and Definitions of words.
When the savings and loan industry collapsed in the 1980s, all of the big accounting firms, except for Arthur Andersen, experienced heavy losses because of their liability for audit work on the collapsed financial institutions.
<h3>What caused the
industry collapse in the 1980s?</h3>
The early 1980s recession was responsible for the collapse of most industries in the 1980s. The recession was a serious economic recession that affected the world in the early 1980 and early 1983, and it was the most severe recession since World War II.
The main factor that lead to the recession was the 1979 energy crisis which was caused by the Iranian Revolution which caused a disruption to the global oil supply and saw oil prices rising sharply in 1979 and early 1980. This rise in oil prices pushed up the rates of inflation in several to new double-digit highs and caused economy problems.
However, during the period when the savings and loan industry collapsed in the 1980s, all of the big accounting firms, except for Arthur Andersen, experienced heavy losses because of their liability for audit work on the collapsed financial institutions.
Read more about 1980s recession
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