In reconciling the january bank statement

Assignment Help Financial Accounting
Reference no: EM131295580

In reconciling the January bank statement, the Vice President discovered that the bookkeeper had recorded a check written for $454 as $544 in the cash disbursements journal. For the bank reconciliation, the $90 error should be:

A) added to balance per bank statement

B) added to balance per general ledger

C) deducted from balance per bank statement

D) deducted from balance per general ledger

Reference no: EM131295580

Questions Cloud

Use tax rate schedule for reference : In 2014, Lisa and Fred, a married couple, have taxable income of $487,500. If they were to file separate tax returns, Lisa would have reported taxable income of $257,500 and Fred would have reported taxable income of $230,000. Use Tax Rate Schedule f..
Journal entry to record the declaration of stock dividend : Earnhardt Corporation has outstanding 3,051,000 shares of common stock of a par value of $10 each. The balance of in it's retained earnings account at January 1, 2014, was $24,730,000, and it then had Paid-in Capital in Excess of par - common stock o..
What are break-even sales in units-contribution margin ratio : If sales are $1,000,000, variable costs are $400,000, and fixed costs are $240,000, what is the contribution margin ratio? If the unit selling price is $16, the unit variable cost is $12, and fixed costs are $160,000, what are the break-even sales in..
The cash amount properly shown on the year-end balance sheet : The cash amount properly shown on the year-end balance sheet is the
In reconciling the january bank statement : In reconciling the January bank statement, the Vice President discovered that the bookkeeper had recorded a check written for $454 as $544 in the cash disbursements journal. For the bank reconciliation, the $90 error should be:
Partnerhip and bankruptucy : A partnership began its first year of operations with the following capital balances: What was the balance in Eaton's Capital account at the end of the second year?
Process costing weighted average equivalent units method : Burnett Company produces a high-quality plastic pipe in two departments, Cooking and Molding. Materials are introduced at various points during work in the Cooking Department. After the cooking is completed, the materials are transferred into the Mol..
A compensating balance refers to : A compensating balance refers to:
Federal controlled substances act : The Supreme Court ruled that the Commerce Clause allowed for enforcement of the federal Controlled Substances Act in states that had legalized “medical marijuana” in Gonzales v. Raich (2005). How will this play out now that the Obama administration h..

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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