Your sister receives the December bank statement (included at end of assignment). You reconcile that statement to your records.
[TIP: Look over the bank statement first. If there are any unrecorded bank charges, they should be entered on the first screen of the reconciliation.1. True 2. False
Bank charges are the various fees account holders are charged in respect of maintenance of the account along with any other charges incurred in respect of specific transactions (e.g. cheque clearance charges, fund transfer charges, collection charges, etc). Bank charges are charged directly to the customer account thereby reducing the bank balance shown in the bank statement. These charges are usually not recorded by the business until the bank provides the bank statement at the end of a month which is why balance as per bank statement may be lower than the cash book balance.
The answer to
the question being raised about a policy that temporarily denies new
appointments to a medical staff is called Moratorium. Moratorium may come in
different form one of which is the temporary denying of an appointment or an
authorized period of delay or waiting or even suspension of an activity.
The moving waters of the ocean allow the release of both egg cell and sperm cell of a sea urchin that uses external fertilization to reproduce itself.
<span>The environmental conditions of the sea help with this process to be successful. The waters contain the gametes and its movements helped fertilization to occur. </span>
First let us define the nature of each of the following as per Balance sheet of a company:
Payroll payable- Liability
FICA taxes withheld- Liability
Federal taxes- Liability
410(k)- Liability
Explanation:
Effect of Transaction on assets and liabilities:
Payroll expense Debit will have no impact
Payroll payable, Federal taxes, FICA and 401(k) will increase the current liability.
And when they are subsequently paid, cash will be credited hence decreasing the current assets and all these current liabilities shall be debited, hence decreasing the current liability portion.
