Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 3. the bank reconciliation revealed that one depos

3. The bank reconciliation revealed that one deposit had cleared the bank two weeks after...

60.1K

Verified Solution

Question

Accounting

3. The bank reconciliation revealed that one deposit had cleared the bank two weeks after the date of the deposit. Should this be of concern? Why, or why not?
2. A bank reconciliation takes time and must balance. An employee was struggling in balancing the bank reconciliation. Her supervisor told her to plug(make an unsupported entry for) the difference, record to Miscellaneous Expense, and simply move on. Discuss the internal controls problem with this directive.
3. The bank reconciliation revealed that one deposit had cleared the bank two weeks after the date of the deposit. Should this be of concern? Why, or why not?
c.
an economy will automatically move toward a point at which all of its resources are being used inefficiently.
d.
if all the resources of an economy are being used efficiently, more of one good can be produced only if less of another good is produced.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

ABC Company's stock has a beta of 1.95, the risk-free rate is 2.25%, and the market...

Finance
Q

Resuelva cada uno de los ejercicios de pruebas NO paramétricas: Se han seleccionado aleatoriamente una muestra de...

Statistics
Q

12) The toxin produced by the bacterium Clostridium botulinum is a potent neurotoxin. When used in high...

Biology
Q

Find the appropriate Standars( Standard for basic safety and performance measurements) related to Blood Gas Analyzer machine

Electrical Engineering
Q

Prompt 1: What do you personally want to see in an organization's culture? This can be...

General Management
Q

The coils A and B having radii in the ratio 1 2 carrying currents in...

Physics
Q

Lesson 3 Homework Complete and submit your work in an...

Accounting
Q

Andretti Company has a single product called a Dak. The company normally produces and sells...

Accounting
Q

Only requirements 8,9,10. Combined cash budget needed for January, February, March, and quarter. ...

Accounting
Q

Problem 22(want text answer and brief explanation) What is the difference in program revenues and...

Accounting
Q

Use the following data to compute total manufacturing costs for the month: Sales commissions $...

Accounting
Q

Route Two Tire Company makes a special kind of racing tire. Variable costs are $200...

Accounting