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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
What else can I help you with?
Accounting transactions from source documents are recorded in a what?
C. a Journal
What information should be included in a journal entry for a tax refund?
A journal entry for a tax refund should include the amount of the refund received, the date it was received, and the account it is being deposited into. It should also note any relevant tax codes or references for tracking purposes.
Hutton Company uses a sales journal a purchases journal a cash receipts journal a cash disbursement?
check
How do you record a journal entry in QuickBooks?
To record a journal entry in QuickBooks, go to the Company menu, select Make General Journal Entries, enter the date and journal entry number, choose the accounts to debit and credit, input the amounts, and save the entry.
How do you post journal entries in QuickBooks Online?
To post journal entries in QuickBooks Online, go to the "New" menu and select "Journal Entry." Enter the necessary details such as the date, accounts, and amounts. Review and save the entry to post it to your account.
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?
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.
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.
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.
Journal entries based on the band reconcilliation are required in the depositor accounts for?
Journal entries based on the bank reconciliation are required in the depositor accounts to adjust the accounting records for discrepancies between the bank's statement and the company's books. This includes recording items such as outstanding checks, deposits in transit, bank fees, and errors. These adjustments ensure that the company's cash balance accurately reflects its actual cash position and complies with accounting standards. Ultimately, this process helps maintain accurate financial reporting and effective cash management.
What is a scientific journal article?
a scientific journal is a journal of data recorded from scientist
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.
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.
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
