what are the six steps to be followed in the bank reconciliation process​

Answers

Answer 1

Answer:

Here are the steps for completing a bank reconciliation:

Get bank records.

Gather your business records.

Find a place to start.

Go over your bank deposits and withdrawals.

Check the income and expenses in your books.

Adjust the bank statements.

Adjust the cash balance.

Compare the end balances.

Explanation:


Related Questions

choose the correct definition for interest
A. a percent amount of money charged for borrowing money
B. Earned on the original principal and interest earned
C. Per 100
D. Percent paid based on the original principal investment
E. Average distance of all data values from the mean of the set

Answers

Answer:

a

Explanation:

If you deposit money in the bank, in essence, you are: Group of answer choices a borrower, since all bank funds are borrowed from the federal government. a supplier of funds, since the bank simply is an intermediary between those who want to borrow loanable funds and those who are willing to lend them (depositors). a supplier of funds, since the bank loans money to you. neither a borrower nor supplier of funds in this case, since you have neither lent nor borrowed money

Answers

Answer:

a supplier of funds, since the bank simply is an intermediary between those who want to borrow loanable funds and those who are willing to lend them (depositors).

Explanation:

A deposit money bank can be regarded as a financial intermediary that connects a supplier of fund to those in need of funds.

Deposit money banks practice what is known as fractional banking

Fractional banking is a banking system where a portion of customer's deposits is kept as reserves while remaining portion is lent out. The amount kept as reserves is determined by the required reserve ratio set by the Central bank.

If the required reserve ratio is 10% and $100 is deposited, reserves would be $10 and $90 would be lent out

A cowboy hat manufacturer was interested in knowing how to price his or her work based on data rather than "gut feelings." He or she found that pricing concepts involve a language of special terms. Fill in the blanks with the word or phrase from the drop-down list that is among these special terms and would best complete each sentence. Words may be used more than once.

_____ refers to the portion of sales revenue left over after paying the product costs of cowboy hats. Target ____ are often based on norms in the hat industry. Cost-based pricing for cowboy hats uses the_____ plus a target _____ to calculate the sales price. Other term for margin is _______.
- margin
- markup percentages
- product costs/ markup precentage

Answers

Answer:

the last one

Explanation:

what are important of storing​

Answers

Answer:

I'm sorry, but the way you worded this is impossible to understand. SO therefore, I cannot answer your question.

Explanation:

purpose of the labor relations act​

Answers

Answer:

of what exactly????

Explanation:

After one has completed a bachelor's degree, what are the next
THREE degrees one can obtain if accepted?
(3 x 1​

Answers

Answer:

masters, doctoral, and associate

Explanation:

The next three are the Postgraduate diploma, Master of Science or Arts or Master of Philosophy( MPhil), and Doctor of Philosophy.

What are the next three degrees after a bachelors degree?

The other degrees are Postgraduate diploma. One can still get a Master's degree in terms of coursework or a Master's degree in terms of research and lastly, a Doctoral degree.

The bachelor honors degree is known to be the start  of a postgraduate specialization qualification and this is one that tend to prepares students for research-based postgraduate study.

Learn more about  bachelor's degree from

https://brainly.com/question/17496239

The act that prohibits hacking, the use of cookies, creating viruses, or using click-stream data to obtain personal
information about individual computers that surf the Web:

Answers

Answer:

ECPA

Explanation:

The Electronic Communications Privacy Act prohibits all of those things specifically, according to the Business Law Edge lesson.

30 POINTS!! WILL MARK BRAINLIEST!!!!!!!!!
1. You have recently been hired by a leading firm, which provides information management solutions to large corporations. As a new employee you have been issued a new computer, which you will use to conduct your work. In an effort to keep your new computer running efficiently, you have been asked by your employer to create a maintenance schedule. Your performance will be measured on your ability to create and implement this schedule.
2. Conduct an Internet search to locate sample computer maintenance schedules. Using the information you learned in the Maintaining Windows lesson and the sample maintenance schedules, create a maintenance schedule you will use on your new computer. The maintenance schedule should contain the following:
a. A list of maintenance tasks to be completed daily
b. A list of maintenance tasks to be completed weekly
c. A list of maintenance tasks to be completed monthly
d. A list of maintenance tasks to be completed annually
3. Submit your completed maintenance schedule to your instructor.

Answers

Answer:

d. a list of maintenance tasks to be completed annually

A currency future is...

a - an exchange rate.
b - an exchange control.
c - a contract.
d - a floating currency.

Answers

Answer:

D

Explanation:

Currency futures are a exchange-traded futures contract that specify the price in one currency at which another currency can be bought or sold at a future date. ... Currency futures can be used to hedge other trades or currency risks, or to speculate on price movements in currencies.

Answer:

c

Explanation:

a contract.

At what point in the job application process are soft skills particularly important
A when writing a cover letter
B when crafting resume resume
C when searching through job ads
D during the interview

Answers

Answer:

During the interview

Explanation:

Answer:

D During the interview

10
Rolando purchases 13 shares of COIN at $325 per share. If he sells the
shares at $365, what is the percent growth on his investment? *
5.2%
12.3%
42.2%
47.5%

Answers

Answer:

I want to say c cause it's 40 but then again I don't know

Suppose, Joe owns a custom decal shop. The Merry Maids maid service company orders seven $100 decals for its company vehicles. Then the maid service breaches the contract after the goods were produced, but before they were delivered. As a result, Joe has a bunch of custom decals for the maid service that he cannot resell. However, by a stroke of luck, a maid service from a nearby city that is also named Merry Maids desires labels for their car. They pay $50 per label for the seven labels that Joe already made. If Joe were to sue for damages, how much could he recover

Answers

Answer:

$350

Explanation:

Calculation to determine how much could he recover

Using this formula

Recovering Amount=Amount paid per Label*Numbers of Label already made

Let plug in the formula

Recovering Amount=$50*7

Recovering Amount=$350

Therefore If he were to sue for damages the amount he could recover is $350

Suppose the government of Mexico runs a budget deficit. This will result​ in: A. an increase in interest rates in Mexico and an increase in the value of the peso relative to other currencies. B. a decrease in interest rates in Mexico and an increase in the value of the peso relative to other currencies. C. a decrease in interest rates in Mexico and a decrease in the value of the peso relative to other currencies. D. an increase in interest rates in Mexico and a decrease in the value of the peso relative to other currencies.

Answers

Answer:

I belive Is A Please Tell me if I'm wrong or right

who will win the fight tomorrow jake paul or ben askren
winner gets brainlest

Answers

Answer:

prolly ben askren  

Explanation:

cause he was an ameture wrestler before

Answer: Ben askren bro  

Explanation:

SECTION B
ANSWER ALL ITEMS IN THIS SECTION.
1. Fill in the blanks by classifying the following activities as primary, secondary or
tertiary production.
(Total 5 marks)
A
= Banking
В.
= Forestry
С.
Canning of fish
D.
= Doctor
Е.
Working as a lumberjack

Answers

ANSWERS:

A-tertiary
B-primary
C-secondary
D-tertiary
E-primary

PLEASE MARK ME BRAINLIEST

COLORADO HAS A STATE INCOME TAX OF 4.63% ON ALL INCOME AND A SALES TAX OF 2.9%. ARE THESE TAXES PROPORTIONAL, PROGRESSIVE, OR REGRESSIVE

Answers

Answer:

Progressive because It is a tax in which the tax rate increases as the income increases.

In a contingency plan, which risk is one that normally cannot be covered by an insurance policy?

A.
damage due to disruption by fire
B.
loss due to injury to staff
C.
loss due to breach of computer security
D.
damage due to the leak of a trade secret
E.
loss of property due to theft

Answers

D. Damage due to the leak of a trade secret

prove that your uncle is robert downey jr.

Answers

Answer:

I have the iron man skin in fort.nite that he gave me

Explanation:

Lloyd and Linda pearl want to remodel the dining room in their house. The estimated cost for the job is $6890. They pay 30% of the cost up front and finance the rest at 15% for 48 months. What is the down payment? What is the amount financed? What is the monthly payment?

Answers

Answer:

The down payment is $2,067, the amount financed is $4,823, and the monthly payments are $115.55.

Explanation:

Given that Lloyd and Linda Pearl want to remodel the dining room in their house, and the estimated cost for the job is $ 6890, and they pay 30% of the cost up front and finance the rest at 15% for 48 months, to determine what is the down payment, what is the amount financed and what is the monthly payment, the following calculations must be made:

6890 x 0.3 = 2,067

6,890 - 2,067 = 4,823

(4,823 x 1.15) / 48 = 115.55

Therefore, the down payment is $ 2,067, the amount financed is $ 4,823, and the monthly payments are $ 115.55.

why should we respect the life and culture of all people living in the country ?​

Answers

Explanation:

Culture forms our identities and attitudes, and intercultural communication allows us to embrace and sometimes even integrate and learn the language with many other communities to some degree. In modern environment, cultural diversity is becoming extremely significant. We should respect all culture and community.

Shaili bought a bond from Penny’s Pickles, Inc at par value ($1000) with a coupon rate of 6% and a maturity date 10 years in the future...

If interest rates are currently 3.5%, and Shaili sold the bond today, would she expect to get more than, less than, or equal to $1000 for it?

Answers

Answer:

I believe its less than.

Explanation:

Sorry if I am wrong

does 1 plus 1 = 65 yes or no

Answers

Answer:

No 1 + 1 = 2

Explanation:

Lol

A vegetable farmer wishes to switch to a combination of trees and vegetables (agroforestry) on several hectares of her land to reduce erosion and to diversify what she grows. She needs to assess whether her land can produce as much income by growing two crops instead of one. The farmer estimates that the new tree crop would cover 40 percent of her fields, with the vegetable crop covering the other 60 percent. Which equation should she use to calculate how much total income she would get from using the new two-crop plan

Answers

The best equation to show her the income from her plan is (( Tree income per hectare) x total hectares x 0.4) + (( Vegetable income per hectare) x total hectares x 0.6)

Finding the income from trees

Trees will cover 40% of the field. The income would be

= Amount earned from trees per hectare x Number of hectares used by trees

Number of hectares used by trees = 40% x Total number of hectares

Income from trees will be:

= Amount earned from trees per hectare x 40% x Total number of hectares

= Tree income per hectare x 0.4 x Total hectares

Income from vegetables

Applying the same method as above:

= Amount earned from vegetables per hectare x 60% x Total number of hectares

= Vegetable income per hectare x 0.4 x Total hectares

Total income

= Sum of both

= (( Tree income per hectare) x total hectares x 0.4) + (( Vegetable income per hectare) x total hectares x 0.6)

Find out more on benefits of diversification at https://brainly.com/question/14081320.

Select the correct answer from each drop-down menu.

Complete the statements.

Rhonda works in the sales department of a service company. She is never late for work. She gets along well with her coworkers, but she has a habit of discussing the lives of other coworkers in their absence. So, although Rhonda is ____________
, she exhibits _________ with her coworkers.

options for first space: incompetent, nervous, punctual
options for second space: honesty, unprofessionalism, confidentaility

Answers

Answer:

1 punctual 2 unprofessionalism

she is punctual and has has an habit of being unprofessional

Charge cards require the cardholder to pay the full balance each due date.
True
or
False

Answers

I guess it is False.

from 1960 to 1970, the consumer price index (CPI) increased from 29.6 to 38.8 if a dozen tangerines cost 0.31 in 1960 and the price of tangerines increase at the same rate as the CPI from 1960 to 1970, approximately how much did a dozen tangerines cost in 1970

Answers

Answer: $0.41

Explanation:

A consumer price index measures the average price changes of goods that are bought by people in an economy. It shows the level of inflation in an economy.

To calculate the cost of a dozen tangerines in 1970we have to know the percentage increase in price index from 1960 to 1970 and this will be:

= [(38.8 – 29.6) / 29.6] × 100%

= (9.2 / 29.6) × 100%

= 31.08%

Let's represent the price of a dozen tangerines in 1970 by X and solve. This will be:

31.08 = (X - 0.31) × 100 / 0.31

Cross multiply

(31.08 × 0.31) = 100X - 31

9.6348 = 100X - 31

100X = 9.6348 + 31

100X = 40.6348

X = 40.6348 / 100

X = 0.46348

X = 0.41

Therefore, the cost of a dozen tangerines in 1970 is $0.41

___Information pertains to the problem and hand
A) accurate
B) complete
C) relevant
D) timely

Answers

Timely is the answer

FORM 2 BUSINESS HOLIDAY ASSIGNMENT
1 Differentiate between
ru Business and Business Studier
(2) Trade and Commerce
Qin External and internal business environments
(in Generic and enterprise forms of competitive environment
2. Explain five Characteristics of Economic resources
3. Explain five Characteristics of good thing System
4. Explain five uses of computers in an office
5. Explorin five examples of small-scale retailers wilu Shop
6. Explain five functibus of Wholesalers
, to producers
7 Give five terms of
payments
in home trade
8. Give five advantages of sole proprietorship forms of business to
9. Give four Sources of capital for public Limited Compar
10. Give five roles of Conimersial attache's
16 Give five essential elements of Communication
12. Give five importance of Warehouse
13. Explain five trending issues in transport
14. Explain Metuels of government involvement in basica
15. Explain five barriers to effeceive Communication​

Answers

Answer:

Explanation:

2.Private: Easily excluded and subtractive.

Common pool: Difficult to excluded and subtractive.

Toll: Easily excluded and jointly consumption.

Public: Difficult to exclude and jointly consumed.

3.These are hypothesized to include functional “goodness”, good infrastructure, reliability, connect-ability, versatility and benefits that overflow/overwhelm the system's scope or initial investment.

4.Some of the popular uses of computers in offices include preparation of word documents such as letters, reports, processing of work documents such as work orders and financial reports, presentation of reports and proposals to and behalf of executive and higher level office personnel, management of email services

6.(i) Buying and Assembling:

The wholesaler purchases goods in large quantities from different manufacturers and assembles them at one place and stores them in his warehouse and resell to the retailers.

(ii) Warehousing:

By preserving the goods received from different manufacturers in stores, the wholesaler performs the function of warehousing. The storage of goods is needed on account of time lag between production and consumption of goods.

(iii) Grading and Packaging:

The assembled goods are graded in accordance with their quality and packed in different containers before supplying to the retailers. In this manner, the wholesaler performs important marketing functions of grading and packing.

(iv) Transportation:

The wholesalers purchase goods from manufacturers and carry them to his godowns and then supply the same to the retailers. He may employ his own vans or hire vehicles for carrying the goods on account of bulk purchases. They can avail of economies in freight.

(v) Financing:

The wholesaler provides credit facilities to the retailers and manufacturers. They sometimes give advance to the manufacturers for the goods to be received later. By selling goods on credit they help the retailers.

7.

There are 5 types of payment methods available in international trade. These payment types are cash-in-advance, open account, documentary collections, documentary credits (letters of credit) and bank payment obligation.

8.Less paperwork to get started.

Easier processes and fewer requirements for business taxes.

Fewer registration fees.

More straightforward banking.

Simplified business ownership.

9.The main sources of funding are retained earnings, debt capital, and equity capital. These are long-term sources, medium-term sources and short-term sources.

10.Educating and advising exporters on trade regulations/practices in other countries.

Expansion and diversification of exports.

Organizing for trade fairs and exhibitions of local goods in foreign markets.

Expansion and diversification of foreign markets.

16. 5 elements of effective communication: the sender, language, environment, the receiver, and feedback. All of these elements contribute to sending and receiving a concise, clear message.

12.Warehousing allows for timely delivery and optimized distribution, leading to increased labor productivity and greater customer satisfaction. It also helps reduce errors and damage in the order fulfillment process. Plus, it prevents your goods from getting lost or stolen during handling.

13.Trend #1: Cloud-Based Systems Adoption.  

Trend #2: Integrated, Frictionless Travel.  

Trend #3: Visibility and Anti-Theft GPS.  

Trend #4: Self-Driving Trucks.  

Trend #5: Regulation Compliance.

15.There are five key barriers that can occur within a company: language, cultural diversity, gender differences, status differences and physical separation.

Hope this helped!!!

The exchange gain or loss on repatriated funds from a foreign branch is calculated by multiplying the nominal amount of the funds by: Group of answer choices the difference between the exchange rate at the beginning of the year and the exchange rate at the end of the year. the difference between the exchange rate on the date of repatriation and the exchange rate used to translate the branch's pretax income. the difference between the current exchange rate and the exchange rate at the end of the year. the difference between the exchange rate on the date of repatriation and the exchange rate at the beginning of the year.

Answers

Answer: the difference between the exchange rate on the date of repatriation and the exchange rate used to translate the branch's pretax income.

Explanation:

Repatriation simply means converting of foreign currencies into local ones. Earning of income in foreign currencies, by a comoany are typically subject to risk regarding foreign exchange which could bring about a loss.

It should be noted that the exchange gain or loss on repatriated funds from a foreign branch is calculated when the nominal amount of the funds is multiplied by the difference between the exchange rate on the date of repatriation and the exchange rate used to translate the branch's pretax income.

What is most likely to cause a rise in expenditure in an economy?

a. A rise in consumer confidence

b. A rise in income tax

c. A reduction in wealth

d. A more uneven distribution of income.

Answers

Answer:

B

Explanation:

because b i think gimme vbucks

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The Snyder family uses up a 1 2 -gallon jug of milk every 3 days. At what rate do they drink milk? Why did industries in Florida grow during this time period? 1. people began working harder2 .the weather was sunny and warm3. the railroads expanded4. people began earning more money PLZ HELP QUIK PLZ HELP PLZ What is the interquartile range for Genivieves data? PLEASE HELP I NEED THE POINTS FOR THIS QUESTION, ILL GIVE BRAINLIESTTo qualify as a contestant in a race a runner Has to be the fastest 16% of all applicants. The running times are normally distributed, with a mean of 63 minutes and a standard deviation of 5 minutes. to the nearest minute, what is the qualifying time for the race? ella deposits $8000 into an account that pays simple interest at a rate of 3% per year. How much interest will she be paid in the first 4 years? At what age do you think a person is an adult? Why do you think so? PLS HELP MEEEEE!!!!!! I will give the brain thingy!!! Using distributive property write 42+63 Help ASAP I really need an answer I don't need links please and if you don't know that answer just don't answer When you undertook the preparation of the financial statements for Oriole Company at January 31, 2021, the following data were available: At Cost At Retail Inventory, February 1, 2020 $83,470 $99,500 Markdowns 35,200 Markups 64,000 Markdown cancellations 19,200 Markup cancellations 9,000 Purchases 226,000 286,500 Sales revenue 310,000 Purchases returns and allowances 4,900 5,900 Sales returns and allowances 9,400 Compute the ending inventory at cost as of January 31, 2021, using the retail method which approximates lower of cost or market. Ending inventory at cost Help (also tell me what the phenotype and genotypes are) write short note on mali empire How can you find the volume of a rectangular prism with the following dimensions: length = 7, width = 5, height = 11?A7 5 + 11B7 + 5 11C7 + 5 + 11D7 5 11 What are the solutions of ? = 8-52?o s-57 S + 57O-5-575+57 Evaluation Personnelle VHL Central Elena is trying to figure out how many movies she can download to her hard drive. Thehard drive is supposed to hold 500 gigabytes of data, but 58 gigabytes are already taken upby other files. Each movie is 8 gigabytes. Elena wrote the inequality andsolved it to find the solution .1. Explain how you know Elena made a mistake based on her solution.2. Fix Elenas inequality and explain what each part of the inequality means. How many dollars, per candle, did the candle maker raise her price? A person starts running from 2 m/s to 6 m/s in 2 seconds.Calculate the person's acceleration.VarVariables:Solve:FFormula: Who is one innovator from the Renaissance who has influenced our modernworld? Identify the innovator and describe how their invention has impactedtoday's world. Innovators to consider: Machiavelli Jan vanEyck Leonardo da VinciShakespeare Michelangelo Gutenberg Raphael Vesalius PLEASE HELP FAST VERY URGENT