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Eduardwww [97]
3 years ago
7

A bank reconciliation is a(n) ______. Multiple choice question. internal report prepared to verify the accuracy of the voucher s

ystem external report prepared after the recording of adjusting entries and the preparation of financial statements internal report prepared to compare the company's cash records with the bank statement report prepared by the bank to independently verify the accuracy of the cash balance per the company's accounting records
Business
1 answer:
Rzqust [24]3 years ago
6 0

A bank reconciliation is a(n): Internal report prepared to compare the company's cash records with the bank statement report.

Bank reconciliation is the way in which the bank  balance is compare with cash balance in order to detect and rectified  any discrepancies or error.

Important of Bank reconciliation includes:

• It enables company's or organizations to know the actual position of their  bank balanc

•It help to detect errors

•It help to detect  fraud

•It help to prevent fraud

•It help to prevent embezzlement of money.

•It help to verify the accuracy of both the bank balance and the cash balance.

Inconclusion A bank reconciliation is a(n): Internal report prepared to compare the company's cash records with the bank statement report.

Learn more here:

brainly.com/question/15525383

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Answer:

The answer is C. Development and use of model to test

hypotheses  

Explanation:

Economic theories are theories that explains economic phenomena and tries to create solutions to the identified economic  problems. They are comprehensive system of assumptions, hypotheses, definitions and instructions about what should be done in a certain economic situation.

Examples of Economic theories are

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Oriole Company retires its delivery equipment, which cost $53,990. Accumulated depreciation is also $53,990 on this delivery equ
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Answer:

Please see the answer below:

Explanation:

(a)

Debit: Accumulated Depreciation     $53,990

Credit: Delivery Equipment                              $53,990

To record disposal of delivery equipment.

(b)

Debit: Accumulated Depreciation      $37,080

Debit: Loss                                             $16,910

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3 0
3 years ago
As the full-time bookkeeper, your job is to make any corrections to the general ledger accounts. Each correction needs the reaso
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Answer: See explanation

Explanation:

Based on the information given, we are informed that the co-worker has recorded a cash receipt twice and wants the full time bookkeeper to record a correcting entry that will reverse the mistakes.

Before making a decision about the correcting entry, it is necessary to check the entry and cross check the balances for sales and cash. One has to also check the receipts and every other necessary details in order to make sure that the transaction is genuine and not fraudulent.

After the through check, if the person is sure and confident that everything is okay, then the correcting entry can be made.

3 0
3 years ago
Supporters of rent control say that it _____ the price of renting an apartment. raises lowers does not change
denis23 [38]

Answer:

The answer is lowers.

Explanation:

Supporters of rent control say that it <u>LOWERS</u> the price of renting an apartment.

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Rent control laws are typically established by regions and the subtleties differ broadly. All are planned to continue living costs reasonable for lower-salary occupants.

Rent control laws mostly limit the amount a landlord can increase rents on existing tenants.  Therefore Rent control is controversial. In fact, 37 states have laws that forbid local governments from enacting such measures.

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