Answer:
Option (3) $1,245
Explanation:
Data provided in the question:
General ledger checking account balance = $1,360
Bank balance on bank statement = $1445
Deposits in transit = $150
Outstanding checks = $350
Bank statement service charges = $30
NSF checks = $85
Now,
The Correct cash balance will be
Bank balance on bank statement $1,445
Add : Back deposits in transit $150
Subtract : Outstanding checks $350
----------------------------------------------------------------------------------------------------
Correct balance $1,245
Hence,
Option (3) $1,245
Not Guarantee of accuracy: Accounting recorded all the financial transactions with the past value. ...
Real Value of items: The financial account does not show the real value of assets. ...
Accounting Ignores Qualitative Element: It recorded all the financial transaction which are in the monetary form.
A text message . A text message is not formal , or professional .
Answer:
The cost of the equipment when it was acquired on January 1, 2011 is $10000
Explanation:
10000÷5=2000
2000*10=20000
20000 80%
X 100% X=25000
25000*20%= 5000 25000-20000=20000
2011 2000
2012 2000
2013 2000
2014 2000
2015 2000 10000
Answer:
What would be helpful in analyzing positive and negative trends and being able to adjust for them in the advertising plan?
periodic evaluations
Explanation:
periodic evaluations gives room for adjust trends periodically in the advertisement plan, it ensures thorough analysis is carried out often in order to maximize profits while at the same time meets customers demand
