Which statement is correct about a bank reconciliation statement? A. It contains bank charges and standing orders.
Question:
Which statement is correct about a bank reconciliation statement?
A. It contains bank charges and standing orders.
B. It is part of the double entry book-keeping records.
C. It is prepared by the bank.
D. It is prepared by the trader.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (8 reviews)
D It is prepared by the trader A bank reconciliation statement is a document that compares the ban...View the full answer
Answered By
BillClinton Muguai
I have been a tutor for the past 5 years. I have experience working with students in a variety of subject areas, including computer science, math, science, English, and history. I have also worked with students of all ages, from elementary school to college. In addition to my tutoring experience, I have a degree in education from a top university. This has given me a strong foundation in child development and learning theories, which I use to inform my tutoring practices.
I am patient and adaptable, and I work to create a positive and supportive learning environment for my students. I believe that all students have the ability to succeed, and it is my job to help them find and develop their strengths. I am confident in my ability to tutor students and help them achieve their academic goals.
0.00
0 Reviews
10+ Question Solved
Related Book For
Cambridge IGCSE And O Level Accounting Coursebook
ISBN: 9781316502778
2nd Edition
Authors: Catherine Coucom
Question Posted:
Related Video
A brief biography of Luca Pacioli, the inventor of double entry accounting, is shown in this video. He worked in Venice, Milan, and many other European towns before succeeding as a mathematical genius.
Students also viewed these Business questions
-
Which statement is correct about multiple performance obligation arrangements? a) the revenue must be allocated to the components of the sale evenly over the life of the contract b) the revenue must...
-
Which book of prime entry is part of the double entry system? 1. Cash book 2. Petty cash book 3. Purchases journal 4. Sales journal A. 1 only B. 1 and 2 C. 3 and 4. D. 1, 2, 3 and 4
-
Which statement is correct about reflexes? a. The patellar reflex tests the S1-S3 spinal never segments. b. A hypoactive reflex may be indicative of damage to the neuromuscular junction. c. The more...
-
Consider a cube that has 5cm length sides. What is the surface area to volume ratio of this cube? Report your answer in cm/cm Report your answer to one decimal place. QUESTION 12 Consider a cube that...
-
Briefly research and describe Microsofts reasons for market share dominance with products like Microsoft Word. What role, if any, do you think switching costs played in this success?
-
Carie Ford owns StudyTime, an educational tutoring center in Baytown, Florida. The center offers private tutoring in math, writing, and science. Information about the tutoring sessions is as follows:...
-
The magnitude of the magnetic field in a magnetic resonance imaging (MRI) machine can be as great as \(B=3.0 \mathrm{~T}\). Under normal circumstances, this field cannot be shut off by just flipping...
-
Phillips Manufacturing uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2011, Job No. 50 was the only job in process. The costs...
-
12. "New competition is not between what companies produce in their factories, but between what they add to their factory output in the form of packaging, services, advertising, customer advice,...
-
Which combinations of attributes have to be unique for each individual SECTION entity in the UNIVERSITY database shown in Figure 3.20 to enforce each of the following miniworld constraints: a. During...
-
A bank reconciliation statement was prepared starting with the balance at bank shown on the bank statement. Which item would be deducted? A. Bank error resulting in the account being incorrectly...
-
Priti is a trader. Her financial year ends on 31 March. Her trial balance on 31 March 204 was as follows: Additional information: 1. At 31 March 204: Inventory was valued at $41,050. Commission...
-
Kanye Company is evaluating the purchase of a rebuilt spot-welding machine to be used in the manufacture of a new product. The machine will cost $176,000, has an estimated useful life of 7 years, a...
-
How to Create a new project file (MPP) and Add five tasks to the project file. The tasks must be ordered according to order of the stages within the project life cycle. This order is discussed in...
-
What does this mean exactly: No. In order to claim a Military Benefits Subtraction (also known as the Military Retirement Subtraction), the eligible military benefits subtracted must be included as...
-
would you like to take your pick? Which destination would you prefer to visit. Pleasename3 places you would like to see and 3 things you would like to do. If you pick the Caribbean, please give the...
-
How do cellular respiration and external respiration differ in their respective processes and physiological significance?
-
Compare and contrast the mechanisms of organogenesis in invertebrate and vertebrate embryos, highlighting key similarities and differences.
-
Describe the orbitals used in bonding and the bond angles in the following compounds. a. BeH2 b. BH3 c. CCl4 d. CO2 e. HCOOH f. N2
-
1. As a general strategy, would you recommend that Carl take an aggressive approach to capacity expansion or more of a wait-and-see approach? 2. Should Carl go with the option for one facility that...
-
If the demand for shrimp is highly elastic below the present price, should the price be lowered?
-
Discuss what factors lead to inelastic demand and supply curves. Are they likely to be found together in the same situation?
-
Why would a marketing manager prefer to sell a product that has no close substitutes? Are high profits almost guaranteed?
-
What is your approach to problem-solving? Give an example of where your approach has been effective. Would you like to change some parts of your approach?
-
Let f(x,y) = (a) (b) (c) x+y2 Show that f(x, y) goes to zero if (x, y) goes to (0,0) along any line with equation y = ax, where a ER is a constant. Show that f(x, y) goes to if (x, y) goes to (0,0)...
-
what ways does Conceptual art challenge the viewer to actively participate in the creation of meaning, requiring them to intellectually engage with the conceptual underpinnings of the artwork rather...
Study smarter with the SolutionInn App