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A check drawn by a depositor in payment of a voucher for 725 was recorded in the journal as 257 This item would be included in the bank reconciliation as an?
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∙ 9y ago
A check drawn by a depositor in payment of a voucher for 725 was recorded in the journal as 257, this item would be included in the bank reconciliation as a deduction from the balance. The error should be corrected by the depositor.
Wiki User
∙ 9y ago
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A check drawn by a depositor in payment of a voucher for 725 was recorded in the journal as 257 What entry is required in the depositor's accounts?
Depositor's account need to be increased by 468 to actually show the correct balance in books of accounts and that is the difference in both amounts.
Which of the following items on a bank reconciliation would require an adjusting entry on the company's books?
After a bank reconciliation is prepared, prepare an adjusting journal entry on the company's books for all items that were recorded by the bank, but not recorded in the books. These usually include:Corrections made by the bankBank feesInterest income recorded by the bankInsufficient fund (NSF) checksElectronic Fund Transfer (EFT) deposits made to the bank account, but not recorded in the books.
When purchasing merchandise for resale what journal is the transaction recorded in?
journal
Transactions recorded in the cash receipts journal?
Transactions recorded in the cash receipts journal are, all receipts of cash.
In which journal is the return of supplies purchased on account recorded?
General Journal
A check drawn by a depositor in payment of a voucher for 725 was recorded in the journal as 257 What is the required in the depositor?
Depositor's account need to be increased by 468 to actually show the correct balance in books of accounts and that is the difference in both amounts.
A check drawn by a depositor in payment of a voucher for 725 was recorded in the journal as 257 What entry is required in the depositor's accounts?
Depositor's account need to be increased by 468 to actually show the correct balance in books of accounts and that is the difference in both amounts.
A check drawn by a depositor in payment of a voucher for 925 was recorded in the journal as 295 This item would be included in the bank reconciliation as?
Monies that are banked in and out should be recorded as the actual rather than the error otherwise the information would corrupt the actual bank account - they would have a either a credit of debit to reconcile - That would cause potential issues later for both of you A not within the accounts journal should be made and witnessed to the actual values so that when the account are balanced it will pick up on the shortfall and inform any auditor of the existence of the funds - otherwise it could also lead to uncomfortable questions at a later stage when the error is forgotten about
Which of the following items on a bank reconciliation would require an adjusting entry on the company's books?
After a bank reconciliation is prepared, prepare an adjusting journal entry on the company's books for all items that were recorded by the bank, but not recorded in the books. These usually include:Corrections made by the bankBank feesInterest income recorded by the bankInsufficient fund (NSF) checksElectronic Fund Transfer (EFT) deposits made to the bank account, but not recorded in the books.
What is the journal entry if bank pay the amount to vendor on behalf of the company?
No entry at the time of payment by bank and entry is recorded when bank reconciliation with bank and information arrive from bank.
What is a scientific journal article?
a scientific journal is a journal of data recorded from scientist
What do you do with a difference on a bank reconciliation which cannot be identified?
Make a journal entry for it to match your books.
When purchasing merchandise for resale what journal is the transaction recorded in?
journal
Transactions recorded in the cash receipts journal?
Transactions recorded in the cash receipts journal are, all receipts of cash.
In which journal is the return of supplies purchased on account recorded?
General Journal
The journal in which invoices for services provided are recorded is the?
cash receipts journal
General journal entries?
. 1. Based on the bank reconciliation prepare the journal entries.. Alaine Alvarez consulting July 31
