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Why would a check be declined?
A check may be declined if there are insufficient funds in the account, if the check is post-dated, if the signature does not match the account holder's signature, or if the check is written for an amount that exceeds the account balance.
Can you cash a check written to your nickname?
No. The name written in a check must match the identity card you have or the name that is available in your valid bank account. If they don't match, the bank will not cash the check.
Is the 401k match based on salary?
Yes, the 401k match is typically based on a percentage of your salary that your employer contributes to your retirement account.
Is it possible to direct deposit to an account that does not have my name on it?
No, it is generally not possible to direct deposit funds into an account that does not have your name on it. Banks typically require the account holder's name to match the name on the deposit.
What credit cards are available that match your deposit?
Secured credit cards are available that require a deposit matching the credit limit.
What is the difference between a current balance and an available balance on a checking account?
I am not a banking expert, but my understanding is that - say you have 100$ in your account and you pay in a cheque for another 100$, then your current balance will be 200$ but your available balance will be 100$ until the cheque clears (when the available balance will match the current balance). This protects the bank from someone paying in a cheque that may 'bounce' and withdrawing money that never gets put into the account.
What does it mean to reconcile a bank account?
A savings and especially a checking bank account have constant deposits and withdrawals, including debits and checks against the account. To reconcile an account is to start from the last monthly balance, add in all deposits, subtract the debits, checks, and withdrawls. Further, it usually means doing each one by one, to arrive at the correct current balance which should match the bank's stated balance.
When doing the reconciliation of a bank account the beginning balance on the new month's bank statement should always match what?
ending balance of the previous month
Why is a current account surplus equivalent to foreign investment?
A country where income is greater than spending, has saving greater than investment, and a current account surplus. The excess of income over spending must be balanced by foreign investment, so there will be a financial account deficit to match the current account surplus.
Why would a check be declined?
A check may be declined if there are insufficient funds in the account, if the check is post-dated, if the signature does not match the account holder's signature, or if the check is written for an amount that exceeds the account balance.
What causes the trial balance not to balance?
There are various type of errors due to which Trial balance is not match. like.. - Posting to wrong side in right Account - Posting with wrong Amount - to record entry partly - other commission errors etc.
Can you cash a check written to your nickname?
No. The name written in a check must match the identity card you have or the name that is available in your valid bank account. If they don't match, the bank will not cash the check.
Listed below are the actions one would take when reconciling a bank statement. Drag each action into the order in which it is performed?
Match the closing balance on the previous statement with the beginning balance on the current statement. Record the closing balance from the current statement on the reconciliation worksheet on the back of the current statement. Match the deposit receipts with those on the bank statement. Place all returned checks in numerical order. Compare the amounts of the checks with the amounts on the current bank statement. List all outstanding checks separately on the reconciliation worksheet. Add any interest earned as well as service charges. Compare the checkbook balance with the bank statement balance. If the two do not agree, check your work and then call the bank.
What might be the problem if the cashbook balance does not match with bank balance?
no more hookers
Are the cost of goods sold a balance sheet account?
Cost of goods sold is of expense nature and that's why not shown in balance sheet rather it is shown in income statement to match expenses against revenues.
Does your passport address have to match your current address for verification purposes?
No, your passport address does not have to match your current address for verification purposes.
Will an adjusting entry ever affect the asset account called cash?
Adjusting entries never affect cash. The entry is entered to make sure that the books match what the cash balance says.
