Briefly explain the statement wrongly debited by the bank with the help of an example.
Question:
Briefly explain the statement ‘wrongly debited by the bank’ with the help of an example.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (6 reviews)
The statement wrongly debited by the bank refers to a situation where a bank has made an erroneous d...View the full answer
Answered By
Krishnavendra Y
I am a self motivated financial professional knowledgeable in; preparation of financial reports, reconciling and managing accounts, maintaining cash flows, budgets, among other financial reports. I possess strong analytical skills with high attention to detail and accuracy. I am able to act quickly and effectively when dealing with challenging situations. I have the ability to form positive relationships with colleagues and I believe that team work is great key to performance. I always deliver quality, detailed, original (0% plagiarism), well-researched and critically analyzed papers.
5.00+
4+ Reviews
10+ Question Solved
Related Book For
Accountancy Financial Accounting Part 1 Textbook For Class 11
ISBN: 9788174505071
1st Edition
Authors: NCERT
Question Posted:
Students also viewed these Business questions
-
List three specific parts of the Case Guide, Objectives and Strategy Section (See below) that you had the most difficulty understanding. Describe your current understanding of these parts. Provide...
-
With the help of an example explain what happens when a base reacts with a non- metallic oxide. What do you infer about the nature of non-metal oxide?
-
1.Which of the following below is NOT an element of internal control? a. risk assesment b. monitoring c. information and communication d. behavior analysis ANSWER:D 2. Which of the following below is...
-
Segment (Division) Evaluation In this assignment you will analyze the performance of PepsiCo's divisions. SFAS 131 requires publicly traded companies to disclose division information in the notes to...
-
Listed below are several terms and phrases associated with earnings per share. Pair each item from List A with the item from List B (by letter) that is most appropriately associated withit. List A...
-
Since internal auditors are experts in controls, they should have the authority: a. To develop accounting systems. b. Direct accounting personnel to make corrections and adjustments. c. Order changes...
-
What is the profi t equation?
-
Develop a subprogram for the bisection method that minimizes function evaluations based on the pseudocode from Figure Determine the number of function evaluations (n) per total iterations. Test the...
-
Problem 5-6A Analysis of inventory errors LO A2 Navajo Company's financial statements show the following. The company recently discovered that in making physical counts of inventory, it had made the...
-
What do you understand by balancing of account?
-
Describe the advantages of sub-dividing the Journal.
-
Express each of the following as a percent. 3/25
-
On March 1 , Kerr Corporation issued 1 0 , 0 0 0 preferred shares for $ 1 0 0 per share. On July 1 5 , it issued an additional 3 0 , 0 0 0 shares for $ 1 2 0 per share. Each share is convertible into...
-
Hello, I need to calculate the break-even point in part B using the following formula: investment amount / (CLV of gold - CLV of platinum) . However, since that results in a negative value, does that...
-
Nervousness and depression are examples of __________ symptoms. psychophysiologic social health environmental psychological Roberta is using the structured format to present the results of his study...
-
Identify the stage of change the client is in and write in behavioral language at least one problem, with at least one goal and a minimum of two objectives for each goal for the client vignettes...
-
Photon Technologies, Inc., a manufacturer of batteries for mobile phones, signed a contract with a large electronics manufacturer to produce three models of lithium-ion battery packs for a new line...
-
Husky Energy Inc. is one of Canada's largest integrated energy companies. It is headquartered in Calgary, Alberta, and its shares are traded on the Toronto Stock Exchange under the symbols HSE. Husky...
-
Using a graphing utility, graph y = cot -1 x.
-
What are adjusting entries? Why are they necessary for preparing final accounts?
-
Give the journal entries for the following adjustments : (a) Outstanding salary Rs. 3,500. (b) Rent unpaid for one month at Rs. 6,000 per annum. (c) Insurance prepaid for a quarter at Rs. 16,000 per...
-
What is meant by provision for discount on debtors?
-
Series of Compound Interest Techniques The following are several situations involving compound interest. Required: Using the appropriate table, solve each of the following: ( Click here to access the...
-
If Clark Kelly has recognized gain on an exchange of like-kind property held for investment use, where does Clark report the gain? First on Form 8824, then carried to Schedule D. First on Form 8824,...
-
An investor put 40% of her money in Stock A and 60% in Stock B. Stock A has a beta of 1.2 and Stock B has a beta of 1.6. If the risk-free rate is 5% and the expected return on the market is 12%,...
Study smarter with the SolutionInn App