the element of Bank reconcilation statement?​

Answers

Answer 1

Answer:

Get bank records

Get business records

Find your starting point

Run through bank deposits

Check the income on your book

Run through bank withdrawal

End balance

Explanation:

Get bank records : you need a list of transactions from the bank

Getting business records b open your ledger of income and outgoing

Run through bank withdrawal check expenses on your book


Related Questions

In stock market investing, there is no guarantee of a financial return.

A. True
B. False

Answers

the answer is B. false

differentiate between bad debt and doubtful debt​

Answers

answer and explanation :

A bad debt is a specifically-identified account receivable that will not be paid and so should be written off at once, while a doubtful debt is one that may become a bad debt in the future and which it may be necessary to create an allowance for doubtful accounts.

Medicare is a national health insurance program that _____.

Answers

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Medicare is a national health insurance program that help poor people that cannot afford their health insurance or medicines.

The answer is ( insures American’s poorest people)

During April , Cavy Company incurred factory overhead as follows : Indirect materials $11,300 Factory supervision labor 4,000 Utilities 460 Depreciation (factory )660 Small tools 330 Equipment rental 790 Journalize the entry to record the factory overhead incurred during AprilIf an amount box does not require an entry, leave it blank

Answers

Answer:

Date            Account Title                                       Debit          CreditApril             Factory Overhead                           $16,720                    Indirect materials                                                    $10,500                    Wages payable                                                       $4,000                     Utilities payable                                                     $  500                    Accumulated Depreciation                                    $  620                    Small tools                                                               $ 370                     Equipment rental                                                   $ 730

1. One advantage to mass production is?


Answers

Following are the advantages of Mass Production:-Increased productivityUniformityLower costHigher quality of lifeFaster productionSafer medicineLess errorJob specialtiesIncreased worker safetyRapid evolution

When several large sellers have some control over the prices, this is called _____.

A. perfect competition

B. a monopoly

C. an oligopoly

D. monopolistic competition

Answers

Answer:

C

Explanation:

Oligonpoly

why family members left their family business and start their own business

Answers

To become a self made person, this is because sometimes you want to prove people that even if your family is successful, you can be successful on your own too. I hope this makes sense.

PLS HELP!!!
Teachers are probably not the favorite of the people they arrest and imprison, so being able to handle the negativity thrown at them on a daily basis is important.
A. True
B. False

Answers

False I believe , you shouldn’t have negativity thrown at you just because of your occupation

Answer:

False.

Explanation:

I took the career test (answer proof!!)

Question 13:

(screenshot)

your welcome :3

Dont have a good day, have a great day!! ^-^

Explain the difference between what health insurance covers and what long term disability insurance covers

Answers

Answer:

In essence, health insurance benefits enable employees to seek needed medical care. Disability insurance replaces a portion of employee income when they can't work because of an illness or disability. For the most part, disability insurance will not replace all of someone's income.

Explanation:

The Long term disability insurance protects you during lengthy of disability when you’re unable to work (for example, if you are injured.) It is sometimes described as income replacement insurance, as it will pay you a monthly amount that replaces your regular paycheck while you are not working.

To make insurance more affordable and protect the insurance company from paying out too much in claims, insurers will pay an insurance premium.

These Insurance premiums are paid to cover for healthcare, automobiles, home, life etc. Insurance companies earn this premium but also represents a liability from which they are able to pay for claims made against insurance policies.

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A company receives $10,000 in cash for services yet to be performed. Using the accrual method, what's the correct entry to record the transaction? (A) Debit cash $10,000, credit accounts receivable $10,000 (B) Debit cash $10,000, credit sales revenue$1 0,000 (C) Debit sales revenue $10,000, credit cash $10,000 (D) Debit cash $10,000, credit unearned revenue $10,000 (E) Debit cash $10,000, credit accounts payable $10,000

Answers

Answer:

credit accounts receivable $10,000 (B)

The correct entry to record the transaction is (D) Debit cash $10,000, credit unearned revenue $10,000.

What is the accrual method of recording transactions?

With the accrual method, transactions, that is revenue or expenses, are recorded when they occur not when payment is received or made.

The accrual method follows the matching principle.  The matching principle requires that expenses are matched to the revenue that they generate.

Thus, the correct entry to record the transaction, where a company receives $10,000 in cash for services yet to be performed, is (D) Debit cash $10,000, credit unearned revenue $10,000.

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what is the definition of conformance

Answers

in my own words, i’d say conformance means people following and complying with rules, standards, and laws.

hope this helps :)

Economics* IMPORTANT
What will most likely happen if Karla pays off her car loan early?
A. her credit score will increase
B. her interest rate will go up
C. her credit score will decrease
D. her credit score will stay the same

Answers

Answer:

It can actually hurt your credit score because open positive accounts can have a greater impact than closed ones.

How does Tony convince Joel to go swimming in the Vermillion River?

Answers

Answer: Could be from bribing, displaying all of the perks of swimming in the river or describing how much fun it could be

Explanation:

Which phrase best completes the diagram?
Effective strategies for managing credit

Answers

Answer: Its B. paying bills on time

Explanation:

Match each term in Column A with its definition in Column B.
(Column A) 1. favorable balance of trade 2. tariff 3. subsidy 4. customs inspection 5. “infant” industry 6. quota 7. foreign-currency controls. (Column B) a limit on the total amount or value of a
product that may be imported
b. limits on the amount of another nation's
money that an importer may buy to
purchase imports
c. an excess of exports over imports
d. an investigation to determine if goods entering the country are legal and if they are
subject to a tariff
e. a tax on imports
f. an industry that is in the early stages of de-
velopment in a country
g. a government payment to support an individual, a firm, or an industry.

Answers

Matching of items implies that one is merging or connecting or aligning items that share things or meanings in common together for a significant alignment. Read below about these matching.

What are the correct matching of these items?

The correct matching of these items are as given below;

Favorable balance of trade: an excess of exports over importsTariff: a tax on importsSubsidy: a government payment to support an individual, a firm, or an industry.Customs inspection: an investigation to determine if goods entering the country are legal and if they are subject to a tariff“Infant” industry: an industry that is in the early stages of development in a countryQuota: a limit on the total amount or value of a product that may be importedForeign-currency controls: limits on the amount of another nation's money that an importer may buy to purchase imports.

Therefore, the above matching is the correct matching of items.

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Which of the following is not a goal of the promotion mix? ​

Answers

Strategic positioning is not a goal of the promotion mix. As strategic, position is not involved in the promotional mix. Promotional mix is related  to the selling and promotion.

What is promotional mix?

Promotional mix is the different combination of the methods of marketing and promotions. It has different features from which a person can promote their business.

Advertising, Public relations or publicity, Sales promotion, Direct marketing and Personal selling are the five elements of the promotional mix.

Thus, it is strategic positioning.

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What is likely to happen to the interest of a credit card with an introductory APR?

The interest will be revised after the first year, based on the economy.

There is a significant interest increase after the first year.

The interest will be revised after the first year, based on the borrower's repayment history

There is a slight interest decrease after the first year.​

Answers

Answer:

The interest will be revised after the first year, based on the borrower's repayment history

Explanation:

also within the first month if you pay off your entire balance by the due date then you wont be charged any interest

Experian

The interest will be revised after the first year, based on the borrower's repayment history is likely to happen to the interest of a credit card with an introductory APR. Thus, option C is correct.

What is a credit card?

A sort of line of credit offered by banks seems to be a credit card, which enables users to borrow money up to a pre-approved available credit. Users can use it to transact in the purchasing of goods as well as services.

You may get an intro APR for buys, current accounts, or both based on your credit card. You will pay little to no cost on the debt while the promotional rate is in effect.

After the trial period expires, you'll be paying the standard rate. You will receive no charge for the first week if you repay off your entire amount by the due date. Therefore, option C is the correct option.

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What are the three types of Learning Styles

Answers

Answer: Visual, Auditory and Kinesthetic

Explanation:

When the owner took goods from the business for personal use we record it in
A. Sales journal
B. Purchase journal
C. General journal
D. Cash book ​

Answers

Answer:

C. General journal

Explanation:

As it relates both business and personal accounts, we record it in the general journal.

C. General journal

The general journal refers to a book of original entries, in which accountants and bookkeepers record raw business transactions, in order according to the date events occur.

What is the basic purpose of financial accounting ?

Answers

Answer:

The basic purpose of financial accounting is to allow third parties to assess the value of a company ORto prepare financial reports that provide information about a firm's performance to external parties such as investors, creditors, and tax authorities.

The following are the transactions of Spotlighter, Incorporated, for the month of January. a. Borrowed $4,390 from a local bank on a note due in six months. b. Received $5,080 cash from investors and issued common stock to them. c. Purchased $1,900 in equipment, paying $650 cash and promising the rest on a note due in one year. d. Paid $750 cash for supplies. e. Bought and received $1,150 of supplies on account.

Answers

Answer:

https://brainly.com/question/13288472

a.

(A) Cash +4,940

(L) Notes payable (short-term) +4,940

b.

(A) Cash +5,630

(S) Common Stock +5,630

c.

(A) Cash -1,200

(A) Equipment +3,000

(L) Notes payable (short-term) +1,800

d.

(A) Cash -1,300

(A) Supplies +1,300

e.

(A) Supplies +1,700

(L) Accounts payable +1,700

Explanation:

(A) = Assets  

(L) = Liabilities

(S) = Stockholders' Equity

(A) = (L) + (S)

Transaction a.

(A) Cash +4,940

(L) Notes payable (short-term) +4,940

Transaction b.

(A) Cash +5,630

(S) Common Stock +5,630

Transaction c.

(A) Cash -1,200

(A) Equipment +3,000

(L) Notes payable (short-term) +1,800

Transaction d.

(A) Cash -1,300

(A) Supplies +1,300

Transaction e.

(A) Supplies +1,700

(L) Accounts payable +1,700

Carla vista co. received proceeds of 5585020 on a 10-year, 8% bonds issued on January 1, 2019. The bonds had a face value of 530000, pay interest annually on December 31, an have a call price of 104. Carla vista uses the straight-line method of amortization. What is the carrying value of the bonds on December 31, 2021

Answers

The carrying value of the bond is $489,560.

What is the carrying value of a bond?

A bond's carrying value is defined as its par value or face value plus any unamortized premiums or discounts, minus any unamortized discounts.

This is deducted because it is represented on the balance sheet, the carrying value is the difference between the par value and the premium or discount.

Computation of Carrying value of Bond:

According to the given information,

First, there is a need to calculate the premium amount, that amount is calculated as follows:

Premium Amount = Face value of Bond – Proceeds received

Premium Amount = $530,000 – $558,5020

Premium Amount = -$505,5020

Now, there is a need to finding the Annual amortization value, this can be found out by the following:

Annual amortization = Premium Amount/Time period

Annual amortization = -$505,5020/10

Annual amortization = -$505,502

Then, the carrying value of the bond will be:

Carrying value of bond = face value – unamortized discount

Carrying value of bond = $530,000- (-$505,502×8%)

Carrying value of bond = $489,560

Therefore, the carrying value of the bond is $489,560.

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I a carry trade you borrow in low interest rate currencies and invest in high interest rate currencies. Returns are exclusively due to appreciation of the high interest rate currencies. True or false

Answers

If you engage in a carry trade and borrow and invest based on the interest rates of currencies, returns are based on the difference in rates so this is FALSE.

What does a Carry trade involve?

A carry trade involves borrowing in a currency where the interest rates are low and then investing in a place where the rate is high.

The returns/ profits come from the difference in interest rates because you would be borrowing at a low rate and gaining returns at a high rate.

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PLEASE ANSWER FAST
Only certain employers are required to create a safe workplace, give safe tools and equipment to workers, maintain those tools, warn employees of any potential dangers, and create safety training and procedures.

A. True
B. False

Answers

False. All employers have to do that

Ginnie has observed that her signature item, the Satisfying Smoothie, is very popular with the late evening crowd at the gym, but it is not so popular with the early crowd. The early and late crowds have only slightly different preferences for her Hydration Power Drink. The gym has a very large clientele, and Ginnie can’t always tell who has the late-crowd preference and who has the early-crowd preference.

Answers

Contribution is the difference between sales and variable cost.

Hydration power drink

contribution - revenue

High =  7-1 = 6

Low  =  6-1 = 5,

Satisfying smoothie,

High  = 10-4 = 6

Low   = 5-4 = 1

Hydration power drink bundle will be maximized profit.

What is maximized profit?

Profit maximization is a process business firms undergo to ensure the best output and price levels are achieved in order to maximize its returns.

Influential factors such as sale price, production cost and output levels are adjusted by the firm as a way of realizing its profit goals.

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what is the future value of 1200$ a year for 40 years at 8% interest? assume annual compounding

Answers

Answer/Number(3):

C: "310,868"

what is a contingency management system theory

Answers

Answer:

The contingency management theory is an organizational theory that claims that there is no best way to organize a corporation, to lead a company, or to make decisions. Instead, the optimal course of action is contingent (dependent) on the internal and external situation.

18) Sum, Average, and Count are examples of ________.


A. categorical statistics


B. reporting criteria


C. summary calculations


D. summary statistics

Answers

Answer:

Summary calculation

Explanation:

The end of summary calculation refers to summary statisticsBut here we have to calculate things like sum ,mean, average etc.

Option C is correct

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[tex] \sf{\green{C. \:Summery \: calcilations}}[/tex]

The end of summary calculation refers to summary statisticsBut here we have to calculate things like sum ,mean, average etc.

When you get an item you want, there is always something you lose (such as
money). What you LOSE is called what?

Answers

Answer:

Opportunity Cost

Explanation:

Defined as the loss of potential gain from other alternatives when one alternative is chosen.

Aside from turning to the black market, how do consumers make up
for goods that are rationed?

Answers

Answer:

Consumers make up for goods that are rationed by finding substitutes, like margarine in place of butter.

Explanation:

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