Answer:
The journal entries for the whole transaction are:
August 7, 202x, merchandise purchased on account, terms 1/10, n/30
Dr Merchandise inventory 9,750
Cr Accounts payable 9,750
August 11, 202x, partial return of purchased merchandise
Dr Accounts payable 1,500
Cr Merchandise inventory 1,500
August 16, 202x, invoice is paid within discount period
Dr Accounts payable 8,250
Cr Cash 8,167.50
Cr Purchase discounts 82.50
Six hundred eighty nine (689)
One hundred four (104)
Answer:
The correct answer is True.
Explanation:
The bank reconciliations are not intended to match the balances of banks that the company has registered with those of the extracts of those accounts. Its purpose, on the contrary, is to clearly identify what has generated the difference.
There are a number of causes that are usually the reason for that difference, and that we must take into account when making bank reconciliations:
- Unpaid Checks
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Consignments not paid
-
Unregistered debit or credit notes
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Error registering a concept or value
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Bank Entity Error
Normally, checks are recorded in the records when they are issued, and not when they are cashed. Therefore, it is usually a cause of carelessness when there is a check that has not yet been cleared by the beneficiary. The opposite would be the provisions recorded in the auxiliary books that the bank has not yet paid to the company's account.
The debit notes that the bank has loaded into the company's account, or credit notes that the bank has paid, and that have not yet been registered in its assistant are a source of errors as well. This can happen, for example, if we have domiciled a tax, such as the IBI, which we have been charged but we have not yet included in the records, or an advance payment from a client to whom we have not yet issued the invoice.
The best and most correct answer among the choices provided by the question is the second choice "body language"
55<span>% of the meaning in </span>communicating<span> attitudes and feelings is in the facial expression</span>
I hope my answer has come to your help. God bless and have a nice day ahead!
Yes. very,,,,,,,,,,,,,,,,
