What should be done if differences are found between the bank statement and the book account?
Question:
What should be done if differences are found between the bank statement and the book account?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (10 reviews)
If the difference is less than 100 the...View the full answer
Answered By
James Warinda
Hi! I’m James Otieno and I'm an experienced professional online tutor with countless hours of success in tutoring many subjects in different disciplines. Specifically, I have handled general management and general business as a tutor in Chegg, Help in Homework and Trans tutor accounts.
I believe that my experience has made me the perfect tutor for students of all ages, so I'm confident I can help you too with finding the solution to your problems. In addition, my approach is compatible with most educational methods and philosophies which means it will be easy for you to find a way in which we can work on things together. In addition, my long experience in the educational field has allowed me to develop a unique approach that is both productive and enjoyable.
I have tutored in course hero for quite some time and was among the top tutors awarded having high helpful rates and reviews. In addition, I have also been lucky enough to be nominated a finalist for the 2nd annual course hero award and the best tutor of the month in may 2022.
I will make sure that any student of yours will have an amazing time at learning with me, because I really care about helping people achieve their goals so if you don't have any worries or concerns whatsoever you should place your trust on me and let me help you get every single thing that you're looking for and more.
In my experience, I have observed that students tend to reach their potential in academics very easily when they are tutored by someone who is extremely dedicated to their academic career not just as a businessman but as a human being in general.
I have successfully tutored many students from different grades and from all sorts of backgrounds, so I'm confident I can help anyone find the solution to their problems and achieve
0.00
0 Reviews
10+ Question Solved
Related Book For
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
Question Posted:
Students also viewed these Business questions
-
What should be done before a meeting to properly prepare for the meeting? What should be done during a meeting to ensure that the meeting will be effective?
-
What should be done to help ensure that Ponzi schemes like this one do not happen in the future? The fraud perpetrated by Bernard Madoff that was discovered in December 2008 was what is known as a...
-
What should be done to ensure that efforts to punish employees are as effective as possible?
-
Are there accomplishments for which you individually receive credit which others helped you accomplish?
-
What elements in the David and Goliath story make it a good model to use in developing your own story? How can a well-scripted story help you reframe how you see yourself?
-
Three water purification facilities can handle at most 10 million gallons in a certain time period. Plant I leaves 20% of certain impurities, and costs $20,000 per million gallons. Plant II leaves...
-
4 A firm that is marketing multimillion-dollar wastewater treatment systems to cities has been unable to sell a new type of system. This setback has occurred even though the firms systems are cheaper...
-
1. Why would Nortel Networks, a Canadian company, hire a U.S. law firm to undertake an independent review of factors that led to restatement of accounting reports? 2. Why did the independent review...
-
a. Consider the following expected returns for two different assets (A and B) in five different market states (Boom, Bullish Normal, Bearish and Crisis), all of which have equal probabilities. Market...
-
Margo, a calendar year taxpayer, paid $1,580,000 for new machinery (seven-year recovery property) placed in service on August 1, 2023. a. Assuming that the machinery was the only tangible property...
-
Which of the following items are found on a book side of the bank reconciliation? A. Beginning bank balance B. Outstanding checks C. Interest income D. Error made by bank
-
A company has decided to start a petty cash fund for $150. Which of the following is the correct journal entry? A. B. C. No entry is required. D. Petty Cash Cash 150 150
-
Qualls Corporation reported 2014 earnings per share of $7.21. In 2015, Qualls reported earnings per share as follows. On income before extraordinary item ......................... $6.40 On...
-
The table 1 below is shown the production theory of labour for company D'LIMAU Sdn Bhd. Input X Input Y Total Product (TP/Q) 1 0 0 1 1 20 1 2 80 1 3 180 1 4 230 1 5 270 1 6 270 1 7 210 Average...
-
Describe the most important three rights in the Bill of Rights of the United States Constitution. The Bill of Rights is the first ten amendments to the Constitution, but they contain far more than...
-
A red/white wine-tasting party will be held in the school in April, and the theme of the event will be formulated based on the season (April), place (Ontario/Canada), and target participants. Please...
-
We explored many of the revenue streams available to fund fire prevention practices. Describe one revenue stream and explain why you feel it is the most important in supporting fire prevention...
-
Multi-national management in a global economy requires a variety of hard and soft skills. This assignment is meant to enhance the understanding of multi-national situations locally or globally, and...
-
Evaluate the following definite integrals. In 2x dx
-
A Bloomberg Businessweek subscriber study asked, In the past 12 months, when traveling for business, what type of airline ticket did you purchase most often? A second question asked if the type of...
-
What is the purpose of a job cost sheet? Describe the information typically included on a job cost sheet.
-
Explain why Boeing likely uses a job costing system. How does the information that comes from a job costing system help Boeing make better decisions?
-
What is a normal costing system, and why do companies tend to use a normal costing system to apply overhead to jobs rather than using actual overhead costs?
-
Columbus Industries makes a product that sells for $37 a unit. The product has a $29 per unit variable cost and total fixed costs of $10,000. At budgeted sales of 1,950 units, the margin of safety...
-
18. Suppose that Maxima shares are selling for $10 per share and you own a call option to buy Maxima shares at $7.50. The intrinsic value of your option is:
-
ABC Insurance Company reported the following information on its accounting statements last year: What was ABC 's expense ratio last year
Study smarter with the SolutionInn App