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4 years ago

Identify each of the following reconciling items as one of the below options:

Business

1 answer:

ziro4ka [17]4 years ago

8 0

Answer:

a) An addition to the cash balance according to the bank statement. (4)

b) Deduction from the cash balance according to the bank statement. (3)

c) An addition to the cash balance according to the company's records. (1)

d) A deduction from the cash balance according to the company's records. (2), (5), (6).

Explanation:

1. Company has understated its cash balance by recording a credit amount of $960 instead of $690, so add the Balance to Cash Account.

2. Company has overstated its cash balance by recording a credit amount of $240 instead of $420, so deduct the Balance from Cash Account.

3. Company has recorded a Payment but Bank hasn't yet updated its records. So, deduct from Bank Account.

4. Company has recorded a Deposit but Bank hasn't yet updated its records. So, Add to Bank Account.

5. Bank Service Charges are deducted from Cash Account maintained by Company.

5. Company has recorded a collection from customer in its accounts. When the check was sent to Bank, the banking authority found that the balance in the customer account is not sufficient and declared the check as "NSF". So, deduct it from Cash Account maintained by Company to reconcile.

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The federal government doesn't have a capital budget; however, private enterprises do have a capital budget and when they invest

mote1985 [20]

Answer:

Hello the options in regards to your question is missing attached below is the complete question

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Explanation:

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3 years ago

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Serhud [2]

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4 years ago

Beef Burgers, Inc. contracts to buy five hundred head of cattle from Cattle Ranch. Before the seller delivers, an outbreak of di

Studentka2010 [4]

Answer:

B) no longer applies.

Explanation:

Based on the information given the perfect tender rule will NO LONGER APPLIES because the seller which is Cattle Ranch is yet to deliver the cattle to Beef Burgers, Inc before the outbreak of the disease causes a quarantine of the ranch, which is why the perfect tender rule states that a buyer is only permitted to reject goods that is been delivered to him or her from a seller only in a situation where the seller's delivered the goods in way that are not perfect or that does not meet the contract agreement between both the buyer and the sellers or in a situation where the goods did not conform to the description which may make the buyer to legally reject the goods delivered.

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3 years ago

Item

dolphi86 [110]

Answer:

Option D

Explanation:

Given that she is a recent graduate, she still has school loans to pay off, and therefore, she would be cash strapped and unable to get loans from banks because she probably does not have a good credit score.

Therefore, the correct answer would be option D

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3 years ago

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3 years ago