Answer:
$6,240.
Explanation:
Reconciliation Statement
Bank balance before reconciliation $4,590
Add: Deposits in transit 2,600
Less: Outstanding Checks (950)
Reconciled Bank Balance at April 30, 2019 $6,240
Cash balance before reconciliation $6,320
Add: Interest Revenue 60
Less: Bank service charges (140)
Reconciled Cash Balance at April 30, 2019 $6,240
<u>Notes</u>
- Deposit in transit and Outstanding checks are already recorded in company's books but not yet recorded with the bank because these checks might have reached bank after working hours. So, we have to update the bank's record.
- We have to update the cash balance with the information that is with the bank and has been provided to us at the period end. This include the interest revenue, already updated in the bank balance, and bank service charges.
Answer:
The Money Market.
Explanation:
The Financial markets can be broadly classified into two categories: Capital Market and Money Market. This classification is based on the maturity period of Financial instruments that trade in these markets. Lets study these two types of markets in detail:
<u>Money Market</u>
It is a market in which securities with a maturity of less than one year are traded. This is highly liquid market since the investors are repaid with the invested amount within one year of time. Due to a short duration, the instruments traded in this market are exposed to lower interest rate risk. A popular example of money market instrument can be Treasury Bills.
<u>Capital Market</u>
The securities that are traded in capital market are long-term and have a maturity of more than one year. The securities of capital market offer beefy returns to the investors due to higher duration and interest rate risks. If the security is of equity nature, then the market is termed as stock market. And if the traded security is bond, then we refer to it as a bond market. Examples of capital market instruments are shares and bonds.
Answer:
Yes
Explanation:
Commercial General Liability (CGL) Policy is a standard insurance policy issued to business organizations <u>to protect them against liability claims for bodily injury (BI)</u> and property damage (PD) arising out of premises, operations, products, and completed operations; and advertising and personal injury (PI) liability.
The policy was introduced in 1986 and replaced the "comprehensive" general liability policy.
Embedded in its definition i that it covers primarily liability claims for bodily injury.
<h3>
Answer:Una catálogo de cuentas es un documento que es usado para registrar las operaciones de una organización. Es decir, sirve para establecer cuál es la estructura de la empresa a la hora de contabilizar las actividades del negocio. Este tipo de documentos son muy importantes en el ámbito de la contabilidad, dado que facilitan enormemente el registro de las transacciones económicas, sistematizando todo tipo de gasto e ingreso que se haya realizado. </h3>
Explanation: Espero que esto te ayude si no dime para ir a buscar mas informacion!