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How is average daily balance calculated?
it is the sum of the daily balance divided by the number of days in the billing cycle
Does the ending balance on trial balance varies monthly?
yes
Does your checkbook balance when you have outstanding checks that total 224.79 an ending balance of 59.56 outstanding deposits of 325.46 and a checkbook balance of 165.15?
no
What is the checkbook balance if you have outstanding checks that totaled 223.85 an ending balance if 159.57 and outstanding deposits of 147.96?
You would have a balance of $83.68
What are the steps necessary to reconcile a bank statement?
ending balance + outstanding deposits - outstanding check = balance
On June 1 a Cash balance of 12000 was recorded He deposit 3000 and total disbursements of 16000 what is the cash balance?
Ending balance = opening balance + deposit - disbursement Ending balance = 12000 + 3000 - 16000 Ending balance = -1000
Interest is charged on the average daily balance on your charge card with the?
Average daily balance method
How is average daily balance calculated?
it is the sum of the daily balance divided by the number of days in the billing cycle
How is the average daily balance calculated?
it is the sum of the daily balance divided by the number of days in the billing cycle
Does the ending balance on trial balance varies monthly?
yes
Do the cash and bank balance in balance sheet should equal to the cash flow ending balance?
Cash Flow Statement's ending balance should match with the ending balance of cash in the balance sheet that is why cash flow statement is prepared to see the complete information about cash flow during the period if it doesn't match it means something wrong.
What accounts are balance sheet accounts?
A balance sheet account is any item that is found on the financial statement known as the balance sheet. The figures reflected on the balance sheet, consist of the ending balance of the balance sheet account. After all the transactions are posted in the individual balance sheet account's "T" account (involving debits and credits), the ending balance is the amount found on the balance sheet.
What is Minimum daily collected balance?
The minimum sum of cash balances daily. Example - if your checking account requires a minimum daily collected balance of $500 to avoid a monthly maintenance fee, you must keep your cash balance in your checking account at or above $500.
Does your checkbook balance when you have outstanding checks that total 224.79 an ending balance of 59.56 outstanding deposits of 325.46 and a checkbook balance of 165.15?
no
What is the checkbook balance if you have outstanding checks that totaled 223.85 an ending balance if 159.57 and outstanding deposits of 147.96?
You would have a balance of $83.68
Calculate the average daily balance and finance charge?
Calculate the average balance and finance charge
What are the steps necessary to reconcile a bank statement?
ending balance + outstanding deposits - outstanding check = balance
