Answer:
b)Timing differences between the bank statement and the depositor's records are reflected in the bank reconciliation.
c) The bank reconciliation is useful in proving the accuracy of the Cash account in the general ledger.
d) We must reconcile the balance of the bank's records and the Cash account in the general ledger and explain or account for any differences in the two
Explanation:
The bank reconciliation is one done between the balance per the books and balance per the bank statement. This is usually as a result of transactions known as reconciling items.
These are items that have either been recognized in books but yet to be recorded by the bank or vice versa, transactions recorded wrongly by one of the parties etc.
It’s asking whatever the market would pay.
Answer:
limited.
Explanation:
In an oligopoly market, few firms dominate a market with many buyers. The firms may sell similar or differentiated products. The oligopoly stature is characterized by heavy advertisement to win customers. Each firm sets its price.
Because few firms dominate the market, customers do not have a wide range of variety to select from. For example, the mobile phone business is dominated by 5 to 6 companies. Customers' choices are limited to these service providers.
Answer:
There are 3 types of taxes you pay. They are proportional taxes, progressional taxes, and the regessive tax.
Explanation:
Hope it helps
Answer:
a. submitted to the next higher managerial level.
Explanation:
IMA states the following standards of conduct in management accounting: competence, confidentiality, integrity and credibility.... Confidentiality entails accountants to divulge information only at the behest of their supervisor. Integrity forbids managers to engage in unethical behavior. Once an issue can't be resolved the standard procedure is to move a step up the ladder for further assistance.
