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Ivenika [448]
3 years ago
5

For each timing difference​ listed, identify whether the difference would be reported on the book side of the reconciliation or

the bank side of the reconciliation. In​ addition, identify whether the difference would be an addition or subtraction. Timing difference Is book or bank affected? Is it an addition or subtraction? a. Deposit in transit b. Bank collection c. Debit memorandum fro
Business
1 answer:
Vilka [71]3 years ago
7 0

Answer:

Bank Reconciliation Timing Differences

a. Deposit in transit = bank affected = addition

b. Bank collection = book affected = addition

c. Debit memorandum fro = book affected = subtraction

Explanation:

These timing differences are the  issues usually identified when reconciling the periodic bank statement against the records of the business organization.  Some differences will require an adjustment of the cash account balance, like "b" and "c" above.  Other differences will require an adjustment of the bank statement balance.  These steps are taken to make the two accounts to agree, having discovered their discrepancies during the process of reconciliation.

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Part of the job for an architectural designer is obtaining which of the following from different contractors for a construction
enyata [817]

Answer:

B. A bid

Explanation:

4 0
2 years ago
Suppose the American Medical Association announces that men who shave their heads are less likely to die of heart failure. We co
insens350 [35]

Answer:

b) razors to increase.

Explanation:

The announcement by the American Medical Association will cause an increase in demand for razors since the perception will be men that shave their hair are less likely to die of heart attack.

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6 0
3 years ago
Campaigns focus on their __________ efforts in the last days before the general election.
Sophie [7]
The goal of the  political campaigns is to influence the decision making process. I<span>deas that the candidate wants to share with the voters are presented.
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3 0
4 years ago
Sandra and Debbie have a shared policy. Information on the Form 1095-A must be allocated between their two tax returns. Both of
Airida [17]

Answer:

Yes, Sandra can claim Debbie as a qualifying relative on her yearly return as Sandra and Debbie have a shared policy. Information on the Form 1095-A must be allocated between their two tax returns.

Explanation:

When determining the premium tax credit on a tax return, a Shared Policy Allocation should then be reported by each taxpayer on their respective tax returns so that the amounts reported on the Health Insurance Marketplace Statement (Form 1095-A) can be allocated between the individuals on the policy.

A Shared Policy occurs when a qualified health plan has been purchased from the Marketplace or from a state health care exchange and it covers at least one individual on the tax return and at least one individual not on the tax return under several scenarios as the one with Sandra claiming Debbie or viceversa , in their Shared Policy, they, as taxpayers, will need to allocate the three amounts reported on Form 1095-A (enrollment premiums, SLCSP premiums, and/or APTC) between the taxpayer's tax return and the tax return of the other individual(s) who is not on this tax return and is filing their own return. This is known as a Shared Policy Allocation.

Sandra and Debbie have a shared policy. Sandra got the 1095-A Form for she and Debbie´s covereage individuals for the year, therefore, Sandra can claim Debbie as a qualifying relative on her yearly tax return because Debbie lived with Sandra as a member of her household, unless Debbie has had gross income of more than $4,200 during the tax year.

Both Sandra and Debbie can claim the entire amount of the premium tax credit since both of their names are shown on Form 1095-A as covered individuals, but Sandra should reconcile the entire premium tax credit information from her Form 1095-A on her tax return, or Debbie should reconcile the entire premium tax credit information from Sandra's Form 1095-A on her tax return. Sandra and Debbie have a shared policy. Information on the Form 1095-A must be allocated between their two tax returns.

3 0
3 years ago
In this blank graph of the business cycle, what does the red circled area on the grap
serg [7]

Answer:It is contraction

Explanation:It is at the smallest point

6 0
3 years ago
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