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ad-work [718]
3 years ago
9

If a check correctly written and paid by the bank for $936 is incorrectly recorded in the company's books for $963, how should t

his error be treated on the bank reconciliation
Business
1 answer:
motikmotik3 years ago
6 0

Answer:

The difference of $27 will be added in the bank reconciliation statement.

Explanation:

With regards to the above information,

Since bank paid $936 but was recorded as $963 in the company's books.

The difference would therefore be ;

= $963 - $936

= $27.

This means that in the company's books, the balance is shown less than the actual balance by $27

Therefore, $27 will be added to the balance in the bank with regards to the books while preparing the bank reconciliation statement.

Hence, $27 which is $963 - $936 will be added in the bank reconciliation statement.

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Andrews [41]

Answer:

The correct answer is A. Both Laura and Cassie are correct.

Explanation:

Since Laura says that the present value of $ 700 to be received one year from today if the interest rate is 6 percent is less than the present value of $ 700 to be received two years from today if the interest rate is 3 percent, and Cassie says that $ 700 saved for one year at 6 percent interest has a smaller future value than $ 700 saved for two years at 3 percent interest, to determine who is right, the following calculations must be performed:

700 x 1.06 = 742

700 x 1.03 ^ 2 = 742.63

Therefore, both Laura and Cassie are correct in their claims.

5 0
3 years ago
Define ATS and describe its use.. Why would large companies<br> use an ATS ?
elena55 [62]

Answer:

An applicant tracking system (ATS) is a human resources software that acts as a database for job applicants.

7 0
2 years ago
What are requirements for filing bankruptcy?
-Dominant- [34]

Answer: Chapter 12- <u>debt is due to farming expenses</u> and <u>stable income is available to pay off payment plan</u>

Chapter 15- <u>filing is based on UN legislation</u> and <u>corporation files international bankruptcy</u>

Explanation:

4 0
3 years ago
Read 2 more answers
The write-off of intangible assets is called
myrzilka [38]
The answer to this question is:

<span>The write-off of intangible assets is called?
</span>C-"Amortization."

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Your Welcome :) </span>
7 0
4 years ago
Read 2 more answers
Within the labor movement, the demise of the Knights of Labor led to a shift away from the broadly reformist past to more limite
natita [175]

The given statement is TRUE.

Explanation:

The statements that describe the AFL :

Rather than facing business leaders head on, the AFL has committed itself to seeking fair working practices and higher wages for employers.

In the vocabulary of the corporate community of that period, the latest AFL policies were labeled "financial unionism."

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3 years ago
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