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Missing depreciation will increase the profit while reduce the expenses in the year in which depreciation is missing.

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How do you reconcile your check register with a bank statement?

To reconcile your check register with a bank statement, you need to compare the transactions listed in your check register with those on the bank statement. Start by marking off transactions that appear on both documents. Then, identify any discrepancies and investigate them to determine the cause. Adjust your check register to match the bank statement by adding or subtracting any missing or additional transactions, ensuring the ending balances match.


What is the ein for Bank of America corporation?

The EIN for Bank of America will appear somewhere on the tax statement. If it is missing, contact the accounting office for Bank of America as they are the only group allowed to divulge that information.


What is suspense account in preparing financial statements?

Suspense account is created to record all those transactions which have some information missing either of debit part of transaction or credit part of transaction until at later stage more clear information is available about transactions.


What is the journal entry for accounts payable and recivable computer accounti?

I think in this question something is missing : The Expense A/c or Service A/c Dr from which regards we have liability to payand Cr. the Account payable A/c.For example : We purchased goods from BM...Accounts Payable Cash/Bank/Goods etc


Does the debit and credit sides of a T-Account have to balance?

The debits and credits for ALL the T-Accounts must balance - if you had the same debits and credits to each T-Account, your trial balance would be all zeros. If you take all the T-Accounts you've used in making your journal entry(s) and add them up, if the total debits and total credits don't agree you're missing part of an entry.

Related Questions

What is the impact of missing journal entries from a companies financial statement?

It depends on the journal entry and what accounts it would have affected. If it was just a reclassification of say, from one expense account to another, no affect. On the other hand if it were to affect two different classes of accounts, say, an asset and an expense account you could mis-state the balance sheet or income statement or both.


Where is Mordreds missing journal on astro knights?

mordred's missing journal is in his study. his missing page is under his bed.


In the statement Calvin sold his which sentence component is missing?

. In the statement, "Calvin sold his", which sentence component is missing?


Is missing statement an empty statement that does nothing?

empty statement does nothing, 'missing statement' is an error-message from the compiler, eg: { if (x==2) } corrected version: { if (x==2); }


What to do if it says Missing before statement line 2 file Code?

If it says Missing before statement line 2 file Code you just need to include ; before the statement.


What time period is the journal in on Poptropica.?

the journal in poptropica is in the time period 1882 ad with the missing statue up on the very top left


How can you find the missing term in a statement of proportion?

x3


What is the sharks password to go forward on shark tooth?

open its on the missing piece of the journal


How do you crack the code in space ship on astro knights?

Take the missing page of modred's journal.


How do you get past the hieroglypics in shark tooth island?

You have to collect all the pieces of the missing page of the journal.


which statement is missing from the following proof theorem: vertical angles are congruent.?

A+


How do you get Mordred's journal on Astro Knights Island?

Mordred's journal is in the castle library, but it is missing a page, the one that gives the coordinates (X-56 Y-52) to the nearby moon.