please help me with number
11Homework Answers
11.
One of the transactions that can only be recorded in the cash journals once the bank statement has been received, is interest received on a favorable balance for the bank account.
Correct option is (2)
Transaction which effect balance per bank are not recorded in the cash journal. Transaction 1, 3, 4 and 6 are the transaction which will effect balance per bank, hence theses will not be recorded in cash journal.
Transactions which effect balance per book, are recorded in the cash journal. When cash is received from bank for interest earned on bank balance, it is recorded be debiting cash and crediting interest revenue.
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please help me with number
11
11. One of the transactions that can only be recorded...
Hi, Can you help me doing the bank reconciliation from bank balance statement and book balance statement? Please explai...
Hi,
Can you help me doing the bank reconciliation from bank
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Please explain why 11,352 is not included in the bank
reconciliation? I checked the answer key but they didn't include
that number.
Thanks
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Hi,
Can you help me doing the bank reconciliation from bank
balance statement and book balance statement?
Please explain why 11,352 is not included in the bank
reconciliation? I checked the answer key but they didn't include
that number.
Thanks
AP6-2 (Preparation of bank reconciliation) Infinity Emporium Company received the monthly statement for its bank account, showing a balance of $66,744 on August 31. The balance in the Cash account in the company's accounting system at that date was $71,952....
please help me with number 12 and 13
Use the information provided below to answer questions 12 and 13: On 30 June 2020, the cash receipts journal of Joburg Traders had a provisional total of R52 500, and the cash payments journal had a provisional total of R65 000. On the same date the bank statement of Joburg Traders had a favourable balance of R55 000. The bank account in the general ledger of Joburg Traders had a favourable balance...
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they are important.
2. Distinguish between gross donestic product and gross
national product
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please help me with this question and the formula
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