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an outstanding deposit means cash received by the company and recored in their general ledger, but bank has not yet credited the bank account
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What should the checkbook balance be if you have outstanding checks that total 234.56 an ending balance of 508.50 and outstanding deposit of 57.50?
331.45
Causes of differences between of the cashbook balance and the bank statement balance?
1.deposit in transit 2.outstanding cheque 3.memoranda
What are the Benefits of switching from paying by check to paying by direct deposit?
For one, employees can not hold their checks resulting in a long list of outstanding checks on your bank reconciliation.
What is the difference between outstanding assets and outstanding liabilities?
Outstanding assets are assets that are owed to an individual or business. Outstanding liabilities are debts that ill be incurred in the future.
Is it a safety deposit box or safe deposit box?
safe deposit box
What should the checkbook balance be if you have outstanding checks that total 234.56 an ending balance of 508.50 and outstanding deposit of 57.50?
331.45
At the beginning of the week the balance in your checkbook was 398.52 During the week you made a deposit of 425.69 You also wrote checks for 29.72 135.47 and 208.28 What is your balance?
To the beginning balance, add the deposit made and then subtract the sum of the outstanding checks to figure out the new balance. Beginning balance + deposit: 398.52 + 425.69 = 824.21 Outstanding checks: 29.72 + 135.47 + 208.28 = 373.47 Balance - outstanding checks: 824.21 - 373.47 = 450.74 (new balance)
Causes of differences between of the cashbook balance and the bank statement balance?
1.deposit in transit 2.outstanding cheque 3.memoranda
Should the checkbook balance be if you have outstanding checks that total 234.56 an ending balance of 508.50 and outstanding deposits of 57.50?
You can reconcile this bank statement by figuring out what each number means. The ending balance of 159.75 is what you currently have. The outstanding deposit of 175.46 is the amount you deposited. The Outstanding checks of 231.69 is the amount you made out in checks.
What are the Benefits of switching from paying by check to paying by direct deposit?
For one, employees can not hold their checks resulting in a long list of outstanding checks on your bank reconciliation.
Where can I go online to learn more about certificates of deposit?
Certificates of Deposit are a short term investment, insured by the FDIC, that pays a rate slightly higher than a savings account. Wikipedia has an outstanding article on CD's, check it out here: http://en.wikipedia.org/wiki/Certificate_of_deposit
What does egregous mean?
outstanding, usually in the sense of outstanding mistake or outstanding lie
What is outstanding assest?
outstanding assets
Flattering words that begins with o?
Outstanding is a compliment. It starts with the letter o.
My electricity meter has stopped spinning around how do i start it again?
What is a "hydro?"why did it get shut offPay the bill if it is outstanding.
Highest Interest in which deposit - recurring deposit or fixed deposit?
how to calculate Recurring deposit interest ?
What is the difference between outstanding assets and outstanding liabilities?
Outstanding assets are assets that are owed to an individual or business. Outstanding liabilities are debts that ill be incurred in the future.
