0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What do you mean by funds flow analysis.explain the mechanism involved in preparation of funds flow statement?
It is the statement of change in financial position, prepared to determine only source and uses of working capital between date of to balance sheet.
What does float balance mean on a earning statement?
Float Balance means the amount of funds represented by checks that have been issued but not yet collected.
What does it mean to be a balance payer?
A balance payer pays off any outstanding balance of money owing on an account on every payment due date.
What does it mean to balance or reconcile your account?
It means to make sure the numbers the bank statement has matches the numbers you have.
What are causes of differences between the bank statement balance and a person's check register?
When a check is issued to a creditor or is recieved and then banked there is always a delay varying between 2 and 7 working days for the banks to transfer to or from the account. This can mean that the statement is up to date only with transactions that they have received or had to pay out.
What do you mean by funds flow analysis.explain the mechanism involved in preparation of funds flow statement?
It is the statement of change in financial position, prepared to determine only source and uses of working capital between date of to balance sheet.
Reginald's credit card statement states that his balance is 550 What does the term balance mean?
The 'balance' of his statement is the monetary value of his account with the credit card company. In this case it is the amount he owes the company.
What does issue date mean?
issue means a date like if you had a bear from build a bear and got a pawsport it will give you a example.
What does a negative credit balance mean on home loan statement?
Excess of repayment over scheduled or expected repayment. For eg. the expected balance in a HL account on a given date is 10,000/-, the actual account balance should have been 8,000/- as per the repayments made, the excess repayment of 2,000/- is negative credit balance or unadjusted repayment.
What does float balance mean on a earning statement?
Float Balance means the amount of funds represented by checks that have been issued but not yet collected.
What does it mean to be a balance payer?
A balance payer pays off any outstanding balance of money owing on an account on every payment due date.
1 What do you mean by financial statement and what are things involved in that?
A financial statement is a combination of Net income statement, Balance sheet, a cash flow statement and owners equity statement of a specified period. It indicates the current position of the company.
What does it mean to balance or reconcile your account?
It means to make sure the numbers the bank statement has matches the numbers you have.
What are causes of differences between the bank statement balance and a person's check register?
When a check is issued to a creditor or is recieved and then banked there is always a delay varying between 2 and 7 working days for the banks to transfer to or from the account. This can mean that the statement is up to date only with transactions that they have received or had to pay out.
What does it mean when you have no balance?
A person that has no balance can have one of two things. The first refers to a bank statement or credit card statement in which an individual has paid off any fees owed. This term can also refer to someone that has a balance disorder in which someone is uneasy on their feet and has difficulty walking or standing.
What does D mean on a bank statement?
There will usually be a letter next to your bank account's balance. This will either be "C" (Credit) or "D" (Debit). A D next to your balance means you're in overdraft.
What does net 15 term mean?
Net 15 means that the balance is due in 15 days after the date of the invoice. Net 30 means that the balance is due in 30 days after the date of the invoice. The number after the net indicates the days after when the invoice was printed that the balance is due.
