Explanation:
Be direct and succinct, but maintain a warm tone instead of being cold or hasty. Make your sentences brief and intelligible. Incorporate all necessary information that your client should know within the email. If you're just offering information and not seeking a reply, add “No response needed” at the conclusion of the email.
Answer:
A general ledger adjustment should reflect: 1. Debit Bank Fee Expense $45 and Credit Bank Account $45.
Explanation:
The discrepancies between the Cash Book Bank Balance and the Bank Statement Balance often arise due to Unrecorded Items.
The bank's charge of $45 appears in the Bank Statement but was not documented in the Cash Book.
Thus, the appropriate adjustment is to reduce the Cash Book - Bank Balance and acknowledge this expense in the Income statement pertaining to these Bank Charges.
Answer:
Explanation:
The journal entry serves as a documentation of transactions corresponding to their accounts utilizing the debit and credit framework. A debit signifies an increase while a credit denotes a decrease.
S / NO Particulars Debit Credit
1 Cash 200,000
Share stock 200,000
2 Inventory 483,000
Account payable 483,000
3. Account receivable 675,000
Sales 675,000
Cost of goods sold 405,000
Inventory 405,000
4 Cash 562,000
Account receivable 562,000
5 Account payable 431,000
Cash 431,000
6 Motor Vehicle 39,000
Cash 39,000
7 Rent 25,200
Prepaid rent 2,100
Cash 27,300
8 Operating Expenses 20,000
Cash 18,000
Operating expenses payable 2,000
9 Depreciation 2,000
Motor Vehicle 2,000
10 Dividends payable 8,500
Cash 8,500
Businesses and non-profit organizations assist in producing the goods and services that shape our standard of living.
Explanation:
Businesses are essential in regulating our lives by providing employment and necessary goods and services for society. Quality of life encompasses support for educational institutions, healthcare services, sanitation, etc.
Non-profit organizations exist to fulfill objectives that extend beyond profit-making. Not every organization is profit-oriented; some focus on assisting those in need. Charities such as Habitat for Humanity and the American Cancer Society are examples of non-profit organizations. In the past two decades, both the number of employees and volunteers in non-profit organizations have grown rapidly.
Aliyah's updated balance would be her initial balance subtracting the payment she made. When a payment is deducted from an account, it is classified as a debit. Aliyah will debit $47.93 from her account, leading to her new balance being what remains.
