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3 years ago

Why it is important to prepare a bank reconciliation statement at the end of each month

Business

1 answer:

AysviL [449]3 years ago

5 0

Explanation:

The purpose of preparing a Bank Reconciliation Statement is to detect any discrepancies between the accounting records of the entity and the bank besides those due to normal timing differences. Such discrepancies might exist due to an error on the part of the company or the bank.

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For every problem-solving activity it is crucial that no less than five alternatives be considered.

jok3333 [9.3K]

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Explanation:

beacause

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A fixed amount of pay for working a week or a month is a(n) ___ .

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Wildhorse Co. wrote checks totaling $41500 during October and $45321 during November. $39460 of these checks cleared the bank in

Natalka [10]

Answer: $3,086

Explanation:

Wrote checks totaling $41,500 in

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3 years ago

Melissa is a self-employed lawyer who chooses a higher-priced restaurant 2 miles from home over a cheaper restaurant 15 miles fr

kiruha [24]

Answer:

Option (E) is correct.

Explanation:

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In our case, there are two restaurants as follows:

One is 2 miles away from home with higher prices

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3 years ago

If there is an unanticipated increase in aggregate demand, which of the following is most likely to occur?

emmasim [6.3K]

Answer:

A. an increase in the price level (inflation)

Explanation:

When there is an unanticipated increase in aggregate demand it usually result in the general increase in the price level of that good demanded (inflation). This is because when there is an unpredicted increase in demand for a good, the demand becomes higher than the supply for that good at that particular period. Because the supply is now less than the aggregate demand, the prices of the commodity is then increased to discourage demand. The increase in the price of the commodity (inflation) therefore is a direct result from the increase in the aggregate demand for that commodity.

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3 years ago

Why it is important to prepare a bank reconciliation statement at the end of each month​

Why it is important to prepare a bank reconciliation statement at the end of each month