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A Bank reconciliation manipulates cross verifying the entries in the cash book(bank balance)with that of pass book.
Mostly the reasons for disagreement of cash book with that of pass book are as follows:
1.cheques placed but not collected by bank.
2.cheques issued but not offered for payment.
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For my accounting class, how would I journalize the adjusting entry for Annual depreciation is $3,480 on the building with the building amounting to $76,000 on the trial balance fo
Market determines are useful for analyzing publicly traded corporations. Many of these calculates use stock price, which reflects the market's (public's) expectation for the compan
Q. Explain Statement of retained earnings? The statement of retained earnings demonstrates the change in retained earnings between the beginning and end of a period e.g. a mont
Q. Show Effects of transaction? A prepaid insurance, asset, increases (debited) and cash, decreases (credited), asset by USD 2400. The debit is to Prepaid Insurance relatively
Split common stock 4 to 1 and reduced PAR from $80 to $20. After the split there were 600,000 shares.
Materiality Concept: There are several events in business that are trivial or insignificant in nature. The cost of reporting and recording such events will not be justified th
My sister considers Will Smith a _____ actor than Sean Penn. (Points : 2) more better best better
The capital structure of Wild West Inc. is as follows: - Debts: $5,000,000 (face value) bonds with coupon rate at 8.00% and present price at par - Preferred shares: $2,000
Q. What do you mean by single proprietorship? A single proprietorship is a non incorporated business owned by an individual and often managed by that same person. Single propri
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