Which is an example of a credit memorandum

Assignment Help Accounting Basics
Reference no: EM132789981

Problem 1: Which of the following is an example of a credit memorandum?

a.Company error in recording a $600 deposit as $500

b.Collection of a note receivable by the bank

c.Outstanding check

d.Service charge

Problem 2: Deposits made by a company, but not yet reflected on a bank statement are called

a.debit memoranda.

b.credit memoranda.

c.deposits in transit.

d.None of these choices are correct.

Reference no: EM132789981

Questions Cloud

What is the opportunity cost of decision : (a) If he decides to carpool with his friends. What is the opportunity cost of his decision?
What would be the cost of goods sold for April : If future phone uses the weight-average method under a periodic inventory system, what would be the cost of goods sold for April 2020
Discuss the form of communication : The outline for your research paper, once crafted, will provide a blueprint and map for the final construction of your paper. Take the time to identify all the.
Which is not a requirement of a company external auditors : Which is not a requirement of a company's external auditors under the Sarbanes-Oxley Act? They must design and implement an effective information system design.
Which is an example of a credit memorandum : Which of the following is an example of a credit memorandum? Deposits made by a company, but not yet reflected on a bank statement are called
Why is public archaeology important : Why is public archaeology important? Include two examples where a local, state, or federal agency has implemented a program, website, etc. for these reasons.
What notification accompanying a check : What notification accompanying a check that indicates the specific invoice being paid is called a? When preparing a bank reconciliation, deposits in transit are
Find the own-wage elasticity of labor demand : Find the own-wage elasticity of labor demand for a small change in the wage around $5. Do the same for a small change in the wage around $10
What was your best appliance cost for this job : Question - Appliance provides repair services for all makes and models of home appliances. What was Your Best Appliance cost for this job

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