How has caused a discrepancy in the account

Assignment Help Accounting Basics
Reference no: EM132474225

Question 1: During bank reconciliation Kevin finds that his company's account has earned interest that has caused a discrepancy in the account. This account should be______

  1. subtracted from book balance
  2. added to bank balance
  3. added to book balance
  4. subtracted from bank balance

Reference no: EM132474225

Questions Cloud

Discuss the various concepts of descriptive statistics : Discuss the various concepts of descriptive statistics we use to describe our sample and the center of the sample.
Prepare a report analysing the performance : Calculating appropriate accounting ratios prepare a report analysing the performance of and comparing the performance of the companyover the last 2
What is an arithmetic mean : What is an "arithmetic mean" ? Does it have the same meaning as the word "average"? Explain
Value of the slope of the least-squares regression line : What is the value of the slope of the least-squares regression line for these data? (Round your answer to at least two decimal places.)
How has caused a discrepancy in the account : During bank reconciliation Kevin finds that his company's account has earned interest that has caused a discrepancy in the account.
Prepare the necessary journal entries on Bat books : Bat, a U.S. corporation, anticipates a contract based on December 2, 2016, Prepare the necessary journal entries on Bat's books to account for forward contract
List a procedure for hypothesis testing for a single : List a procedure for hypothesis testing for a single proportion. What calculator function should be used for finding the 1- proportion confidence interval?
Difference between treatments a : To test whether or not there is a difference between treatments A, B, and C, a sample of 12 observations has been randomly assigned to the 3 treatments.
What is dunn federal income tax withholding : Standard withholding allowance for each exemption, what is Dunn's federal income tax withholding? Round your answer to two decimal places.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd