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2 years ago

Which 2 statements regarding Bank Feed best practice workflows are correct?

Business

1 answer:

iogann1982 [59]2 years ago

8 0

Answer: • You should complete Match transactions first, then move on to Add transactions.

• You should match downloaded Bank Feed transactions to Invoice Payments, Sales Receipts, Deposits, or open invoices.

Explanation:

The statements regarding Bank Feed best practice workflows involves the matching of transaction first, after which the transactions can then be added.

Also, one should ensure that the Bank Feed transactions that are downloaded should be matched to to their respective book of account such as deposits, Invoice, Sales Receipts, etc.

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Depending on when you get paid.
If you get paid every week then weekly.
Most of the time I would say to make a budget weekly just because it is easier to keep track of.
so (C)

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2 years ago

Read 2 more answers

10. Which of the following is an<br> example of system software?

OLEGan [10]

Answer:

The computer's OS is a well-known example of system software. Widely used operating systems include Microsoft Windows, Mac OS and Linux.

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1 year ago

If a perfectly competitive firm with constant returns to scale was reorganized as a monopoly, its monopoly price would be ____

ikadub [295]

Answer:

The correct answers are: greater than; less than.

Explanation:

In the perfect competition model, the nature of the scale returns poses serious problems, whatever the case considered. Sise assumes that the returns of scale are increasing, the supply of companies is infinite; if they are constant, the offer is null, infinite or indeterminate (equilibrium case); if they are decreasing, the profit of the companies is strictly positive in the balance '. In the latter case, if they could do so, companies would be interested in dividing themselves, without any limit, into entities as small as possible.

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3 years ago

The transactions of Spade Company:

diamong [38]

Answer:

Trial Balance

Debit Credit

Cash $8,982

($16,500 - $479 + $1,947 - $9,125 - $530 + $1,469 - $800)

Common Stock $16,500

Office Supplies $479

Office Equipment $9,125

Accounts Payable ($9.125 - $9,125) $0

Service Fees ($1,947 + $3,498) $5,445

Accounts Receivable ($3,498 - $1,469) $4,967

Rent Expense $530

Dividends $800

Totals $21,945 $21,945

Explanation:

A trial Balance is a list of balances that are extracted from the ledger accounts from which the financial statements are prepared.

First Record the Transaction, then determine account balances.

Cash $16,500 (debit)

Common Stock $16,500 (credit)

Office Supplies $479 (debit)

Cash $479 (credit)

Office Equipment $9.125 (debit)

Accounts Payable $9.125 (credit)

Cash $1,947 (debit)

Service Fees $1,947 (credit)

Accounts Payable $9,125 (debit)

Cash $9,125 (credit)

Accounts Receivable $3,498 (debit)

Service Fees $3,498 (credit)

Rent Expense $530 (debit)

Cash $530 (credit)

Cash $1,469 (debit)

Accounts Receivable $1,469 (credit)

Dividends $800 (debit)

Cash $800 (credit)

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2 years ago

Tangible assets are first recorded at ______. Multiple choice question. current market value or resale value the amount of cash

worty [1.4K]

Tangible assets are first recorded at costs to acquire them for use.

Tangible assets are fixed assets which is referred to as the physical assets which a company/Buisness owns to carry out its daily activities in order to create profit .

They include<em> investments, cash, inventory, vehicles, office equipment, buildings,machines, </em>etc

Tangible assets are very important to businesses as they

Help in business operations to provide goods and services

Serve as collateral for loans
In case of emergency, they can generate cash

Tangible assets are first recorded in the balance sheet as costs to acquire them for use.

See more here: brainly.com/question/23469284

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2 years ago