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Dmitry [639]
3 years ago
8

What is the major purpose of a bank reconciliation statement?

Business
1 answer:
Alona [7]3 years ago
6 0

Answer:

The bank reconciliation is an internal document that verifies the accuracy of records maintained by the depositor and the financial institution.

Explanation:

The balance on the bank statement is adjusted for outstanding checks and uncleared deposits. The record balance is adjusted for service charges and interest earned.

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Events that occur after the December 31, 2018 balance sheet date, but before the balance sheet is issued, and provide additional
Ludmilka [50]

Answer: c. used to record an adjustment to Bad Debt Expense for the year ending December 31, 2018

Explanation:

Since the events occur after the balance sheet date, but before the balance sheet is issued, and gives more evidence about conditions that existed at the balance sheet date, then it should be used to record an adjustment to Bad Debt Expense for the year ending December 31, 2018

This is because an adjustment gives more information to the information already given in the balance sheet. Therefore, the correct option is C.

4 0
3 years ago
Autocratic managers tend not to _____. take orders then pass them along invite employees to plan work schedules assume everyone
larisa86 [58]

There are several type of leadership styles that a manager can exhibit according to the type of subordinates that she or he is managing and the type of situation that he or she is facing. These styles are autocratic, democratic, and laissez-faire.

From these leadership styles, the behavior that best exemplifies one that an autocratic leader would showcase is refusing to consider options from employees.

4 0
4 years ago
Read 2 more answers
Explain how a school's published price (also known as<br> sticker price) and net price differs.
miv72 [106K]

Answer:

Sticker price is the published tuition and fees whereas net price is what the student pays after financial aid (much lower than sticker price).

Hope this helped! :)

5 0
3 years ago
A frequent complaint about matrix organizations is that communications are? Hard to automate Closed and inaccurate Complex Misle
SIZIF [17.4K]

Answer:

Complex

Explanation:

An organizational structure can be defined as the process which typically involves dividing an organization into various functional units.

A matrix organizational structure is a type work structure where reporting relationships between employees are set up as a matrix rather than the conventional hierarchy approach.

This ultimately implies that, there are two (2) chains of command; employees have dual reporting relationships to both a project and functional manager.

Basically, the matrix organizational structure can be classified into three (3) categories, these are;

1. Weak matrix structure.

2. Balanced matrix structure.

3. Strong matrix structure.

One of the frequent complaint about a matrix organizational structure is that the exchange or dissemination of informations (communications) are complex because there exist a dual reporting relationships.

7 0
3 years ago
A formal credit arrangement between a creditor and debtor is called a(n):_____.
jek_recluse [69]

The correct option is (c) note receivable

A formal credit arrangement between a creditor and debtor is called note receivable.

<h3>What receivable means?</h3>

Receivables, sometimes referred to as accounts receivable, are sums of money owing to a business by its clients for products or services that have already been provided or utilized but have not yet been paid for.

<h3>Is note receivable a debit or credit?</h3>

debit

Notes receivable typically have a debit balance. Debits increase notes receivable and credits decrease them, just like with other assets.

<h3>What type of account is notes receivable?</h3>

The value that a company is owed in promissory notes is recorded as notes receivable, which makes them an asset.

To learn more about note receivable visit:

brainly.com/question/13741240

#SPJ4

3 0
2 years ago
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