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When the amount of money in the till (float plus reciepts) does not match the total billed plus the original float, then, yes, a problem does occur. If the till is over, then (at least one) customer has been short-changed, if short, then either a customer has been undercharged or a cashier has been failing to place all proceeds in the till.
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What three financial statements occur during accounting cycle?
Journal- recording the transaction chronologically. Ledger _ recording the transactions in a classified and grouped . Trial balance - The balances of ledger sorted Dr. balance and Cr. Balance and grouped.
What is the purpose of a bank reconciliation?
Main purpose of bank reconciliation is to rectify the errors or differences that may occur between bank balance as per bank statements and bank balance as per our books of accounts to bring the both balances at one amount and tally each other normally at the end of month.
What is controlled risk?
The risk that misstatements that could occur in an account balance or class of transactions and that could be material, individually or when aggregated with the misstatements in other balances or classes, will not be prevented or detected on a timely basis by the internal control structure.
What will occur if the endocrine system is out of balance?
If the endocrine system is out of balance, the body is out of balance and illness results.
What problems occur in the brain?
The problem that occur in the brain is the Mental Problem.
What is the procedure of detecting errors in a trial balance that is not balancing?
Double-check your addition. Compute the difference between the debits and credits. Is there an account with that balance which was omitted from the balance sheet? Divide the difference in half. If there is an account with that balance, it may be shown on the wrong side of the trial balance (a debit balance shown as a credit or vice-versa). If the difference is evenly divisible by 9, there may be a transposition (ie, writing down 81 instead of 18 or 572 instead of 527). That transposition could occur in your addition, in an account balance or in one of the transactions posted to an account. If none of the above works, go back and check that each journal (ie cash receipts jounal, etc) balances and was posted correctly. Then check every other entry to make sure it balances and was posted correctly. Keep the difference in mind (and half the difference), that is the amount you are looking for.
Where does the sense of balance occur?
semicircular canals and the vestibule
What problem can occur if you have a problem with your distributor cap?
the car will most likely not start
What problems could occur if a student database is not maintained?
What problem can occur if a student database is not maintained
Where do shortage occur?
they occur when you live in a remote area or if your town/city has a problem with there water tower
What of the following questions can help to identify the scope and immediate cause of a problem?
Why did the problem occur
What problem can occur with selective breeding?
Genetic mutations
