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
sladkih [1.3K]
3 years ago
11

What does it mean to reconcile a checking account?

Business
2 answers:
sesenic [268]3 years ago
7 0
Reconciling your account basically means comparing two sets of records (yours and the bank's)
Artemon [7]3 years ago
3 0
To reconcile a bank statement, the account balance as reported by the bank is compared to the general ledger of a business. ... Similarly, the bank too keeps an account for every customer. In the bank books, the deposits are recorded on the credit side while the withdrawals are recorded on the debit side.
You might be interested in
Hey Guys How are yall
Phantasy [73]

Answer:

Good! :>

Explanation:

7 0
3 years ago
Read 2 more answers
Transactions are posted into ledger account from ---
BaLLatris [955]

Answer:

The correct answer is "Journal entries passed in the journal".

Explanation:

  • Posting throughout ledger has always been decided to make from transactions throughout the journal passed across.
  • This becomes important to keep in mind that almost every entrance in something like a journal would also have to be commented on among all transactions debited or otherwise given credit throughout the entry to something like the journal.
8 0
3 years ago
On September 1, 2018, Drill Far Company purchased a tract of land for $2,300,000. The land is estimated to have a salvage value
kipiarov [429]

Answer:

$562,500

Explanation:

Depletion expenses = Land expenses

Depletion expenses = [$2,300,000 - $50,000 / 4]

Depletion expenses = $2,250,000 / 4

Depletion expenses = $562500

So, the depletion expense recorded for 2018 is $562,500

6 0
3 years ago
The Lo Sun Corporation offers a 6.3 percent bond with a current market price of $767.50. The yield to maturity is 8.49 percent.
Tasya [4]

Answer:

27.85 years

Explanation:

In this question we use the NPER formula that is shown in the spreadsheet

Provided that

Present value = $767.50

Future value = $1,000

Rate of interest = 8.49% ÷ 2 = 4.25%

PMT = $1,000 × 6.3% ÷ 2 = $31.50

The formula is shown below:

= NPER(Rate;PMT;-PV;FV;type)

The present value come in negative

So, after solving this, the number of years is 55.71

But in this case, it would be

= 55.71 ÷ 2

= 27.85 years

3 0
3 years ago
Whats 2/5-3/7= A 1/2 B 5/12 C 14/15 D 29/35​
Ivahew [28]

Find common denominators. What you do to the denominator, you do to the numerator.

(2/5)(7/7) = 14/35

(3/7)(5/5) = 15/35

14/35 - 15/35 = -1/35

If you meant to put addition, then your answer will be D) 29/35.

14/35 + 15/35 = 29/35

~

6 0
3 years ago
Read 2 more answers
Other questions:
  • 20 POINTS PLEASE HELP WILL GIVE BRAINLY!!!!!!!!!!!
    15·1 answer
  • Which principle of training focuses on individual and small unit skills?
    5·1 answer
  • Rachel pushed very hard to go with Project A rather than Project B. There have been several cost overruns, the project is two we
    11·1 answer
  • Whether two goods are substitutes or complements can be determined by computing the.
    5·1 answer
  • The required investment cost of a​ new, large shopping center is ​$49 million. The salvage value of the project is estimated to
    10·1 answer
  • Consider a T-bill with a rate of return of 5 percent and the following risky securities:
    7·1 answer
  • Allison Corp. has just issued preferred stock with an annual dividend of​ $0.85. The preferred stock is currently selling for​ $
    11·1 answer
  • Carefully set sales territories A) can reduce travel time but increase costs. B) can reduce confusion about who has responsibili
    7·1 answer
  • a. After the magazine The Economist publishes an article indicating that analysts expect the value of Tunisian dinars to rise re
    5·1 answer
  • QUESTION 4 of 10: A clothing designer is looking for a job that can cover her living expenses of $5,000 per month. If she plans
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!