How would approach to audit the bank reconciliattion

Assignment Help Accounting Basics
Reference no: EM132677938

If you are given with a Bank Reconciliation , Bank Statement and General ledger for a company asked to do a Audit in bank reconciliation.

Problem 1: How would you approach to audit the bank reconciliattion, explain step by step?

Problem 2: What documents/evidenced you would need in this process?

Reference no: EM132677938

Questions Cloud

Draw indifference curves that represent the preferences : Consider two goods, movies and concerts. Draw indifference curves that represent the pref- erences of each person below. Put "concerts per month" on the x-axis
How should investment returns be measured : How should investment returns be measured? Do financial services companies have an incentive to provide nominal rather than true rates of return
Describe your understanding of an agile team : Describe your understanding of an agile team and how participants work together and What do you believe are the positives and negatives of working together
Find effectiveness of the proposed solutions : The PDCA cycle includes a check stage where the organisation is required to measure the effectiveness of the proposed solutions put forward
How would approach to audit the bank reconciliattion : If you are given with a Bank Reconciliation , Bank Statement and General ledger, How would approach to audit the bank reconciliattion, explain step by step?
Similarities and differences of organizational culture : Using the chart below, Instagram, Amazon, and Google and identify the internal and external factors that drive change and innovation within the organization
Describe cash accounting and accrual accounting systems : Describe cash accounting and accrual accounting systems and the relevant advantages and disadvantages of each.
Operation efficiency on business strategy game : 1. What actions (list 5-6) will you take to improve your company's profit and operation efficiency on Business strategy game for future years?
Calculate the medicare tax for the weekly pay period : Calculate the Medicare tax for the weekly pay period. Paul Robinson's filing status is married filing jointly, and he has earned gross pay of $2,650.

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