Answer:
the adjusted cash balance per book is $25,390
Explanation:
The computation of the adjusted cash balance per book is shown below
= Cash balance per books + Notes receivable and interest collected by the bank - Bank charge for check printing - NSF check
= $21,600 + $4,440 - $70 - $580
= $25,390
Hence, the adjusted cash balance per book is $25,390
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer: Less than one year, guaranteed returns
, and a money market product
What I put for my answer think its right
Explanation:
Answer:
They were not allowed in advance of this investigation
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Answer:
Accrual basis of accounting
Explanation:
Accruals basis accounting (accruals accounting, the matching concept) depicts the effects of transactions and other events and circumstances on a reporting entity’s economic resources and claims in the periods in which those effects occur, even if the resulting cash receipts or payments occur in a different period.
Revenue from sales and other income should be reported in the period when the income arises (which might not be the same as the period when the cash is received from the customer / client).
Based on the above discussion it can be concluded that the Portie's practice is an example of accrual basis of accounting.
