Webb18 juni 2016 · Suggested Answer What localization are you using (which country?) Normally, the deposits are treated similar to prepayments. That is, when customer makes a payment to you, you book a transaction Dt: Bank account & Cr: Sales Prepayment Account (it can be equally some "deposit" account). Webb23 mars 2024 · Record all checks and cash on a deposit slip. Compare the total on the deposit slip to the amount stated on the mailroom check receipts list, and reconcile any differences. Then store the checks and cash in a locked pouch and transport it to the bank. Step 6. Match to Bank Receipt
Describe Your Cash Handling Experience? (With 10 Sample Interview Answers)
WebbStudy with Quizlet and memorize flashcards containing terms like Financial intermediation exists, in part, because: A. financial markets work so well. B. direct finance through … WebbProblem 2. You have a retirement account with $2000 in it. The account earns 6.2% interest, compounded monthly, and you deposit $50 every month for the next 20 years. How much will be in the account at the end of those 20 years? Solution: A retirement account is a sinking fund since you are making periodic deposits. In this case, the way tekst
Chapter 7 Questions Multiple Choice - Harper College
Webb3 feb. 2024 · Answer Question 5. Banks are able to create credit many times more than initial deposits through (a) secondary deposits (b) providing overdraft facilities (c) … Webb17 okt. 2024 · We’ll need to go a bit further for a complete answer. 1. Highlight Your Experience with Handling Money. Of course, with this being such a direct question, you’ll … Webb1 okt. 2024 · Answer: Collateral is an asset that the borrower owns (land, building, vehicle, livestock, land documents, deposits with banks, etc.) which stands as a security against the money borrowed. In case the borrower fails to repay the loan, the lender has the right to sell the asset or collateral. Question 3. the way teens think