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
Georgia [21]
3 years ago
15

The amount of the outstanding checks is included on the bank reconciliation as a(n) deduction from the balance per company's rec

ords addition to the balance per bank statement addition to the balance per company's records deduction from the balance per bank statement
Business
1 answer:
Sphinxa [80]3 years ago
7 0

Answer:

D) deduction from the balance per bank statement

Explanation:

A bank reconciliation statement is a document that matches the cash balance on a company’s balance sheet to the corresponding amount on its bank statement. Reconciling the two accounts helps determine if accounting changes are needed. Bank reconciliations are completed at regular intervals to ensure that the company’s cash records are correct. They also help detect fraud and any cash manipulations.

You might be interested in
Circular 230 requires due diligence from a practitioner in all of the following circumstances except
Alika [10]

Answer:

(b) selecting and training new hires at the firm

Explanation:

Circular 230 requirement states that a practitioner must exercise due diligence in respect of those matters which relate to preparing, approving and filing tax returns or any other paper to Internal Revenue Services(IRS).

Due Diligence basically means to ensure that actions and information supplied are correct and not false.

So basically it extends to oral or written representations made to IRS or to a client in respect of matter which are administered by IRS.

Selecting and training new hires at the firm does not relate to IRS.

8 0
3 years ago
Gilchrist Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. At the beginni
Illusion [34]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

The estimated machine-hours for the upcoming year at 79,000 machine-hours.

The estimated variable manufacturing overhead was $7.38 per machine-hour

The estimated total fixed manufacturing overhead was $2,347,090.

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 2,347,090/79,000 + 7.38= $37.09 per machine-hour

3 0
3 years ago
Carey Anderson opened a software consulting firm that immediately paid​ $21,000 for a computer system. Was​ Anderson's computer
weeeeeb [17]
It is because he is paying money so it is a expense
4 0
3 years ago
A recession is____.<br> Consecutive periods of deflation<br> Apex Financial Literacy
Anni [7]

A recession is when the inflation rate is low.. prices are falling dramatically in the market

4 0
3 years ago
Read 2 more answers
Jerry bought some pears at the store. he paid 4.59$ for 5.4 pounds of pears what is the unit rate?
Viefleur [7K]
To find the unit rate you will take the price Jerry paid and divide it by the amount in pounds of pears.

Unit rate = $4.59/5.4 lb
Unit rate = $0.85

You can check your answer by multiplying the amount of pears Jerry purchased by the unit price to get the total price. 
(5.4 lb of pairs)($0.85) = $4.59
8 0
3 years ago
Other questions:
  • A sales tax, especially when food and medicine are subject to the tax, can be described as what type of tax?
    8·1 answer
  • A not-for-profit university operates its college book-store as an auxiliary enterprise. During the year the store has revenues o
    13·1 answer
  • A project has a cash flow of -$161,900, $70,800, $62,300, and $75,000 for years 0 to 3, respectively. The required rate of retur
    10·1 answer
  • Which change should be made to the above cover letter excerpt before sending it to an employer? a. The author should to remove “
    5·2 answers
  • What are the two fundamental equality requirements of the double-entry accounting system?
    9·1 answer
  • How much times 4 can co go to '80?
    6·1 answer
  • On Tuesday March 31, 20X1 the Bravo Company had accrued wages of $1,000. Friday, April 3, Bravo paid employee wages of $2,500 fo
    6·1 answer
  • Which step of formulating a financial budget involves using forecasting techniques to help predict revenue?
    5·1 answer
  • Explain why it is not necessary for paper money to be backed by some commodity (eg gold) before it can have value?
    5·1 answer
  • Jared has earned 23% of the $52 he needs to buy a new jacket. Find 23% of $52. Which expression can you use to find 23% of 52? .
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!