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What does it mean when an account is long outstanding difficult to collect the amount or it should be internally adjusted?

The account is considered an uncollectible account. The account must be adjusted so that the business can balance its books.


What should a checkbook balance be if there are outstanding checks that total 234.56 an ending balance of 508.50 and outstanding deposits of 57.50?

To determine the adjusted checkbook balance, subtract the total of outstanding checks from the ending balance and add any outstanding deposits. Starting with an ending balance of $508.50, subtract the outstanding checks of $234.56, resulting in $273.94. Then, add the outstanding deposits of $57.50, giving an adjusted checkbook balance of $331.44.


What is the Procedure for preparing a bank reconciliation?

If using an official form, first write the date the document was prepared.Next, write down the balance of the next unused check stub, recording its number as well.From that number, deduct any charges from the bank (i.e. service charges). This will indicate your 'adjusted check stub balance'.Then, write down the balance from your bank statement. Add to this number any deposits which have occured but are not included in your bank statement. Total the amount.After this, subtract the total amount of checks written that are not on your bank statement from the previous total.This number is called your 'adjusted bank balance' and should equal your adjusted check stub balance.


What is a bank reconciliation for prepared for?

If using an official form, first write the date the document was prepared.Next, write down the balance of the next unused check stub, recording its number as well.From that number, deduct any charges from the bank (i.e. service charges). This will indicate your 'adjusted check stub balance'.Then, write down the balance from your bank statement. Add to this number any deposits which have occured but are not included in your bank statement. Total the amount.After this, subtract the total amount of checks written that are not on your bank statement from the previous total.This number is called your 'adjusted bank balance' and should equal your adjusted check stub balance.


What is the entry of tds provision?

For a provision you initially debit cost and credit provision. When the provision is released you debit your provision and credit cash. The provision should be adjusted to present value on your balance sheet.

Related Questions

What can be adjusted to balance chemical equations?

Coefficients can be adjusted in front of the chemical formulas to balance chemical equations. Changing coefficients will ensure that the number of atoms of each element is equal on both sides of the equation. Subscripts within chemical formulas should not be changed to balance equations.


Do your Teeth hurt a week after bridge prep?

If you still have the temporary bridge in, it can be somewhat uncomfortable. However, it should be slight, not severe. If it is severe see the dentist. The temp may need to be adjusted. Once the permanent bridge is placed, you should have little to no pain soon after the bridge is placed.


What does it mean when an account is long outstanding difficult to collect the amount or it should be internally adjusted?

The account is considered an uncollectible account. The account must be adjusted so that the business can balance its books.


What should a checkbook balance be if there are outstanding checks that total 234.56 an ending balance of 508.50 and outstanding deposits of 57.50?

To determine the adjusted checkbook balance, subtract the total of outstanding checks from the ending balance and add any outstanding deposits. Starting with an ending balance of $508.50, subtract the outstanding checks of $234.56, resulting in $273.94. Then, add the outstanding deposits of $57.50, giving an adjusted checkbook balance of $331.44.


Why must there be a balance of protons to electrons in a element?

They have opposite charges, and an atom should be neutral.


How is the pitch adjusted on the cello?

if the cello is out of tune, try the fine tuners that should be farther down than the bridge. If fingering is off try to match it with a piano or something.


What can NEVER change these to make the equation balanced?

Changing subscripts in chemical formulas should never be done to balance a chemical equation because it changes the identity of the compounds involved. Instead, coefficients should be adjusted to balance the equation without altering the chemical formulas.


What is the Procedure for preparing a bank reconciliation?

If using an official form, first write the date the document was prepared.Next, write down the balance of the next unused check stub, recording its number as well.From that number, deduct any charges from the bank (i.e. service charges). This will indicate your 'adjusted check stub balance'.Then, write down the balance from your bank statement. Add to this number any deposits which have occured but are not included in your bank statement. Total the amount.After this, subtract the total amount of checks written that are not on your bank statement from the previous total.This number is called your 'adjusted bank balance' and should equal your adjusted check stub balance.


What is a bank reconciliation for prepared for?

If using an official form, first write the date the document was prepared.Next, write down the balance of the next unused check stub, recording its number as well.From that number, deduct any charges from the bank (i.e. service charges). This will indicate your 'adjusted check stub balance'.Then, write down the balance from your bank statement. Add to this number any deposits which have occured but are not included in your bank statement. Total the amount.After this, subtract the total amount of checks written that are not on your bank statement from the previous total.This number is called your 'adjusted bank balance' and should equal your adjusted check stub balance.


How do you tell how many electrons an element has?

The number of electrons should balance the number of protons, which is denoted by the atomic number.


What numbers should not be changed to balance the equations?

Coefficients in front of chemical formulas should not be changed when balancing chemical equations. These coefficients represent the number of each molecule or atom involved in the reaction and changing them would change the stoichiometry of the reaction. Only the subscripts within chemical formulas should be adjusted to balance the equation.


How hot does a heating element in electric water heater get?

Under normal home conditions it should get to 135 f. -If hotter it will scald. This can be adjusted right at the element and in fact many people with small children prefer it set at 120. -I frequently do this in homes.