Answer:
C) $48,000
Explanation:
The account receivables is the account used to house revenue that has been earned but yet to be received in the balance sheet. It is the holding account pending the settlement of cash for services rendered or goods sold.
As such, where the Accounts Receivable account has a beginning balance of $10,000 and the company provides services of $50,000 on account during the month. The ending balance was $12,000
Let the amount received from customers be K
$10,000 + $50,000 - K = $12,000
K = $10,000 + $50,000 - $12,000
K = $48,000
Answer:
C. Costs Only
Explanation:
Cost centers are areas in an organization that doesn't add money (profit) directly to the organization, but still cost the organization operation money. They are departments in an organization is which cost are charged. Cost centers don't make profit for the organization directly, but they help in making profit indirectly for the organization. They are areas in a company that incurs cost but in indirectly contribute to income received. Example of a cost center is manufacturing plants. Cost centers have control over costs only.
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A bank service fee of $10 would be included on the bank reconciliation as on the last day of the bank statement
<h2>What exactly does a bank reconciliation include?</h2>
Starting with the bank's ending cash balance, adding any deposits that are currently being made up of the company to the bank, subtracting any checks that haven't yet been cleared by the bank, then either adding or subtracting any other items completes the basic process flow for a bank reconciliation.
<h3>A bank reconciliation is what?</h3>
At the conclusion of every month, a business should perform a bank reconciliation, which is that the process of confirming the correctness of both the bank statement and the cash accounts.
The most frequent reasons why the ending bank balance and ending book balance of cash differ.
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Answer:
a. $25,000
Explanation:
The computation of net cash provided by operating activities is shown below:-
Particulars Amount
Net Income $30,000
Add Depreciation $5,000
Less Increase in Accounts Receivables -$7,000
Less Decrease in Accounts Payable -$3,000
Net cash Provided by Operating Activities $25,000
