Describe the procedures used to reconcile a company's cash balance.
What will be an ideal response?
For the bank's cash balance, we determine which cash transactions have been recorded by the company but not yet recorded by the bank. Common reconciling items are deposits outstanding that should be added, checks outstanding that should be subtracted, and bank errors that are added or subtracted depending on the error. For the company's cash balance, we determine which cash transactions have been recorded by the bank but not yet recorded by the company. Common reconciling items are notes collected by the bank and interest earned that should be added, service fees and NSF checks that should be subtracted, and company errors that are added or subtracted depending on the error. As a final step in the reconciliation process, the company must update the Cash account in the general ledger to adjust for cash items used to reconcile the company's cash balance.
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Direct marketing is a data-mining application that identifies the reasons customers switch to competitors and predicts which customers are likely to do so.
Answer the following statement true (T) or false (F)
What are the General Business Master’s Degree Programs
What will be an ideal response?
What is the best advice for writing the body of a routine request message?
A) Avoid using graphic devices such as lists or headings because they might confuse the reader. B) Remember that the quality of the information obtained from the request depends on the clarity of your inquiry. C) Make sure that the body is no longer than one paragraph. D) Use the reader's name several times in the body to personalize your message.
Most contracts are made ____________________
Fill in the blank(s) with correct word