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Answer:
Correct cash balance is $ 1,580
Explanation:
Balance as per cash book $ 1,681
Less: Bank charges $ ( 11)
Less: NSF cheques <u>$ ( 90)</u>
Adjusted balance per cash book <u> $ 1,580</u>
Balance per bank statement $ 1,484
Add: Deposits in transit $ 317
Less; Outstanding checks <u>$ ( 221)</u>
Adjusted balance per bank statement <u>$ 1,580</u>
Answer:
Revenue recognition principle.
Explanation:
The revenue recognition principle states that revenue is recognized in the accounting period in which the performance obligation is satisfied. The cash-basis of accounting is in accordance with generally accepted accounting principles.
Accord According to the California Insurance Code, any individual who unwilfully takes part in an out of line strategy for rivalry is obligated to the state for a fine of up to $5,000 per infringement. In the event that the demonstration is resolved to be headstrong, the fine won't surpass $10,000 per act.
The money, if somehow the Fed lowers their discount rate, deciding on monetary policy, open market operations, and purchases
<h3>What does the term "monetary" mean? </h3>
of or pertaining to money or the systems used to supply and move money across an economy. a crime done with the intent to profit. a nation's monetary strategy. monetarily.
<h3>Does monetary refer to money? </h3>
The term "monetary" refers to money, particularly the total quantity of money in such a nation. [Business] To prevent inflation, several nations tighten their monetary policies. Synonyms: economic, financial, money, capital More words for "monetary"
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