Journal entries based on the bank reconciliation are required in the depositor's accounts for <u>book errors</u>.
For book errors, journal entries based on the bank reconciliation must be made in the depositor's accounts. An entity's bank account is matched up with its financial records using a bank reconciliation statement, which is an overview of banking and commercial activity.
The statement lists all of the deposits, withdrawals, and other transactions that affected a bank account over a certain time period. An effective internal financial control tool for preventing fraud is a bank reconciliation statement. A bank reconciliation statement summarizes banking and business activity by comparing a company's bank account to its financial records.
To know more about bank reconciliation
brainly.com/question/15525383
#SPJ4
Answer:
Net Realizablel Value of Account receivable = $142,850
Explanation:
Particulars Amount
Total Accounts Receivable $164,200
- Pre-adjusted Uncollectable Account balance $7,250
- Current Year Uncollectable Amount <u>$14,100 </u> ($235000*6%)
Net Realizable Value <u>$142,850</u>
Flat organisational structure is an organisational standard with relatively rare or no levels of middle management between the executives and the frontline workers. Its goal is to have as little scale as possible.
<h3>Characteristics of flat organizational structure</h3>
- Strong emphasis on teams and cooperation.
- Flexibility between departments and jobs.
- Broadly specified jobs.
- Few levels of management.
- A decentralized management approach.
<h3>Which company has flat organizational structure?</h3>
Nike's flat structure, also understood as a matrix structure, consists of several divisions divided into subsidiaries: Converse, Hurley and others, which all lead to Nike's global headquarters.
To learn more about flat organizational structure visit the link
brainly.com/question/28271397
#SPJ4