Answer:
B.
Explanation:
The benefits of bank reconciliation is to detect errors such as double payments, missed payments, calculation errors etc.
Therefore they will be no need for adjustment to be recorded for bank errors, outstanding checks, and deposits in transit.
Answer:
Dr. Cr.
Note Receivable $6,000
Account Receivable $6,000
Explanation:
Note is received against a payment of sale mad on credit. A new receivable will be built with the name of Note receivable, so this account will be debited. To deduct the value from the account receivable we will credit the account receivable account due to its debit nature. Later on the interest will be accrued and added in this balance.
Answer:
2019 2018 2017 2016 2015
Sales 362 237 192 134 100
Cost of goods sold 365 238 195 135 100
Accounts receivable 254 202 191 114 100
Explanation:
Note: See the attached excel file for the table showing how the trend percents are calculated.
Trend percents, often known as index numbers, can be described as percents that are used for comparing financial data across time to a based year or period. This can be calculated using the following formula:
Trend percents = (Analysis year amount / Base year amount) * 100 ........ (1)
Using equation (1), the following table shows the trend percents computed as follows:
2019 2018 2017 2016 2015
Sales 362 237 192 134 100
Cost of goods sold 365 238 195 135 100
Accounts receivable 254 202 191 114 100
Answer:
Visualize and organize your thoughts.
Explanation:
