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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 bank
- Bank fees
- Interest income recorded by the bank
- Insufficient fund (NSF) checks
- Electronic Fund Transfer (EFT) deposits made to the bank account, but not recorded in the books.
What else can I help you with?
Which items found on a bank reconciliation doesn't require an adjusting entry?
Balance doesn't require an adjusting entry.
WhAT accounts will never require an adjusting entry?
Cash
Which o the following transactions during the year would most likely not need an adjusting entry at the end of the period?
Transactions that typically do not require adjusting entries at the end of the period include cash transactions that are fully recognized at the time of the transaction, such as cash sales or cash payments for expenses. Since these transactions are recorded immediately and do not involve accrued or deferred items, they accurately reflect the financial position without the need for adjustments.
Does cash invested by owners require an adjusting entry at year-end?
Cash invested by owners typically does not require an adjusting entry at year-end, as it is recorded directly in the equity section of the balance sheet when the investment occurs. However, if there are any changes in the ownership structure or if the investment affects other accounts (like additional paid-in capital), those may need adjustments. Overall, standard cash investments are straightforward and recorded at the time of the transaction.
Which of the following statements is not true with regard to international accounting standards for research and development costs?
Some countries require research costs to be expensed and development costs to be capitalized
What items on a bank reconciliation would require an adjusting entry on the companys books?
Examples of items on a bank reconciliation that would require an adjusting entry on the company's books include bank fees, NSF checks, interest income, deposits in transit, and outstanding checks. These items may not have been recorded in the company's books at the time of the reconciliation, so adjusting entries are needed to bring the books into agreement with the bank statement.
Which items found on a bank reconciliation doesn't require an adjusting entry?
Balance doesn't require an adjusting entry.
WhAT accounts will never require an adjusting entry?
Cash
I require Trane Aircondion Companys Telephone numbers in Jeddah Saudi Arabia?
+0966 1 2104 666
How do you adjust the clutch on 1993 Mazda MX6?
YOu need to blead the system .. then it should require no adjusting
What is cdi on motorcycles?
Capacitive Discharge Ignition. Much more reliable than the old "points" systems, and require no adjusting.
If no paperwork was sent to you by the creditor how do you find out how much your repossessed car was sold for?
Cotact the lender and ask for a copy of the bill of sale, and a reconciliation of your account. The reconciliation should show the application of the purchase price. If not, demand they correct it. It can take perhaps up to thirty days for the lender to comply, and they may require you make your request in writing.
How do you set rear disc breaks on 1995 Pontiac trans am?
Disc brakes do not require adjustment like drum brakes. They are self adjusting by design.
Do we need a chain saw license if we work for a company?
Generally, in this day and age, a licence is necessary for the purpose of insurance. Most companys require you to obtain or hold an appropriate licence for much small plant and machinery.
Does a bosch platinum plus plug require gapping or is it preset?
it says they are preset to .044 inches and they do not need adjusting. check them to make sure they are correct though.
Which of the following are statements that require proof in a logical system?
Corollaries,TheoremsCorollaries, Theorems
Which of the following will you require to hear music on your computer?
sound card
