Easy ways to learn BRS
Answer:
BRS is a Bank Reconciliation Statement:
1. COMPARE THE DEPOSITS
Match the deposits in the business records with those in the bank statement. Compare the amount of each deposit recorded in the debit side of the bank column of the cashbook with credit side of the bank statement and credit side of the bank column with the debit side of the bank statement. Mark the items appearing in both the records.
2. ADJUST THE BANK STATEMENTS
Adjust the balance on the bank statements to the corrected balance. For doing this, you must add deposits in transit, deduct outstanding checks and add/deduct bank errors.
Deposits in transit are amounts that are received and recorded by the business but are not yet recorded by the bank. They must be added to the bank statement.
Outstanding checks are those that have been written and recorded in cash account of the business but have not yet cleared the bank account. They need to be deducted from the bank balance. This often happens when the checks are written in the last few days of the month.
Bank errors are mistakes made by the bank while creating the bank statement. Common errors include entering an incorrect amount or omitting an amount from the bank statement. Compare the cash account’s general ledger to the bank statement to spot the errors.
3. ADJUST THE CASH ACCOUNT
The next step is to adjust the cash balance in the business account.
Adjust the cash balances in the business account by adding interest or deducting monthly charges and overdraft fees.
To do this, businesses need to take into account the bank charges, NSF checks and errors in accounting.
Bank charges are service charges and fees deducted for the bank’s processing of the business’ checking account activity. This can include monthly charges or charges from overdrawing your account. They must be deducted from your cash account. If you’ve earned any interest on your bank account balance, they must be added to the cash account.
An NSF (not sufficient funds) check is a check that has not been honored by the bank due to insufficient funds in the entity’s bank accounts. This means that the check amount has not been deposited in your bank account and hence needs to be deducted from your cash account records.
Errors in the cash account result in an incorrect amount being entered or an amount being omitted from the records. The correction of the error will increase or decrease the cash account in the books.
4. COMPARE THE BALANCES
After adjusting the balances as per the bank and as per the books, the adjusted amounts should be the same. If they are still not equal, you will have to repeat the process of reconciliation again.
Once the balances are equal, businesses need to prepare journal entries for the adjustments to the balance per books
Explanation:
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Give two leadership skills and how they will help you as a manager.
Answer:
Communication. One of the most important skills of a leader is the ability to communicate effectively. ...
Awareness. ...
Honesty/Integrity. ...
Relationship Building. ...
Innovation. ...
Developing Leadership Skills.
Explanation:
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What is the first step of creating a federal budget A. Congress votes on requirements for a budget plan. B. Executive agencies submit budget requests. C. State governments submit their budget proposals. D. The president reviews the budget with the Supreme Court.
Answer:
C. State governments submit their budget proposals.
Explanation:
The Federal budget is a budget for the entire country. It is an estimate of the expected government revenue and expenditure for a fiscal year.
The first step in the federal budget preparation involves submitting proposals by the government department and agencies. These are the federal agencies such as security agencies. They submit their expenditure proposal to the Whitehouse. All agencies' proposals make up part of the president's budget request.
When writing a check, you complete all of these steps except for _____.
signing the back of the check
writing the date
writing the amount in numbers
writing the amount in words
signing the front of the ch
Answer:
SIGNING THE BACK OF THE CHECK
PLZ HELP
Antoinette is researching the importance of dress codes in the workplace.
What would most likely be a reliable source?
A. Article published 20 years ago
B. Fashion blog
C. Website written by unknown author
D. Government agency report
Answer:
D. Government agency report
Explanation:
D. makes the most sense!! Good luck!
Answer: D. Government agency report
Explanation: test
Pls help me answer these 2 questions for my Econ Test on Tuesday plzzzz!!!!
1) What is the difference between Fixed Resources and Variable Resources?
2) What is the difference between Short Run and Long Run?
Answer:
1: A fixed resource is any resource that will always be available with a room arrangement where as Variable resources are electricity producers whose output amount and availability can vary due to the nature of fuel being used - for example, wind, solar, or run-of-river hydro. .
2: The short run is a period of time in which the quantity of at least one input is fixed and the quantities of the other inputs can be varied where as the long run is a period of time in which the quantities of all inputs can be varied.
Explanation:
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why do private sector firms seeking profit will allocate scarce resources to the production of goods and services and will it be able to make good quality products for consumers?
Answer:
Markets use prices as signals to allocate resources to their highest valued uses. ... Businesses also have dual roles—they supply goods and services and demand resources. The interaction of demand and supply in product and resource markets generates prices that serve to allocate items to their highest valued alternatives.
Explanation:
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what is jotaro kujo´s stand name? correct answer will get 5 stars, thanks, and brainlest.
Answer: stats
Explanation: I believe this is right but I’ve been wrong before
How many of the colonists of Jamestown died before they made it to shore, due to the difficult voyage?
half
almost all
one third
none
Answer:
almost all
Explanation:
From around 500 people that boarded the ships heading to the colony, only around 60 people survived the journey. This means that the death rate is more than 80%.
Several factors contributed to this death. Miscalculations of supply made some of them died of hunger in the middle of the journey. A lot of them died from the diseases that infected them on the ship. Since they're stocked in the middle of nowhere, they couldn't find a proper medical help to treat them.
Please Help!!!!!!!!!!!!!!!!
Answer:
Explanation:
james is approachable, does not have ego issues an is always avaliable to help his team mates.
james is a good facilitator is known to take the right decisions at thet right time without hesitation .
james is resourceful. always comes up with a soulution even in the most difficult situations.
james is confident. welcomes without any resistance
State the various purposes that an environmental impact statement must serve.
Answer:
An environmental impact statement, under United States environmental law, is a document required by the 1969 National Environmental Policy Act to protect the environment.
Therefore, the main purpose of an environmental impact statement is to make sure that the policies in the Act is implemented.
It also lists out the various endangered species in the area on either private or government territories and how best to preserve them from extinction.
List 3 physical side effects of anger/stress and explain how they can impact your driving.
Answer:
um Speeding.
Tailgating.
Harsh braking or cornering.
Changing lanes erratically.
Jumping red lights
Explanation:
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When a company wants to design a new wireless headset it invited a group of interested users to comment on and try out various product prototypes during its design process. This is an example of what type of process?
Answer:
Testing process...?
Would have been better if given options...
This is an example of what type of process testing process.
What is the product testing process?
The four essential strategies of verification are Inspection, Demonstration, test, and evaluation. The four strategies are somewhat hierarchical in nature, as every verifies the necessities of a product or system with growing rigor.
Product trying out u.s. is a legitimate manner to get a risk to get a few virtually valuable merchandise totally free. but you want to be aware that it's far like a lottery – there is no guarantee you may get to test a product.
The Product trying out exercise gives consulting for automation engineering, solutions, and their validation; Interop and Certification for servers, switches, and storage; Infrastructure Validation and workload-based totally benchmarking for Datacenter provider providers.
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Which costs would be considered fixed costs?
Answer:
see below
Explanation:
Fixed costs consist of business expenses that remain constant throughout a financial period. The level of production does not influence these costs. Fixed costs are sometimes considered as the cost of staying in business. They have to be paid as long as the business is open.
For instance, administrative salaries have to be paid regardless of the level of production. Monthly rent to a store has to be paid even if no sales were made in a particular month. Other examples of fixed costs include depreciation, insurance premiums, and advertising.
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Answer:
Uh I dont get iut
Explanation:
Communicating with people you know or meet to share information or advice about a job defines
a contact list
b. job leads
C. networking
d career fair
Answer:
C
Explanation:
Answer:
c
Explanation:
The atmospheric pressure at a place is 650 mm of Hg. Convert this pressure
into pascals (Pa). Given, density of Hg = 13,600 kgm.
Ans Solution
Explanation:
A food worker suspects there are mice in the food establishment.
w
What evidence should she report to her manager?
O a. Faulty equipment
O b. Sick food workers
O c. Broken floor tiles
O d. Gnaw marks on a box
New shoes are on SALE. You find a pair you like for $85 dollars. But you only have $45 with you. So, you pay $40 and charge the balance. At 8% interest, what will the balance owed be in six months? (Assume no payments made and simple interest.)
Answer:
$46.8
Explanation:
The shoe is worth $85. You pay a deposit of $40. The balance is $45.
So $45 is charged at 8% interest for six months.
Simple interest I= p x r x t
In this case, p is $45,
r is 8%
t= 6 months or 0.5 years
I = $45 x 8/100 x 0.5
I= $45 x 0.08 x 0.5
I=$1.8
The total amount owed will be $45 + $1.8
=$46.8
Answer:
dsada
Explanation:
Harry’s shoe store has noticed a significant increase of revenue of $123,000. The manager has also determined that the total expenses equal to $128,000. Will this business net a profit or loss? _____ How much of a profit or loss?_____
Answer:
Net loss; $5,000
Explanation:
$123,000 (income)
- 128,000 (expenses)
_________________
-5,000
Which one of the following business stakeholder groups can exert pressure on a business by imposing stricter credit terms, or by refusing to grant further credit?
A. D suppliers B. customers C. shareholders D. pressure groups
Answer:
A. D suppliers
Explanation:
Suppliers are traders who sell materials and other items to a business. Suppliers are stakeholders in any company that they supplier products or services. They have commercial interests as creditors to the company.
Because suppliers are the one's who sell to a business of credit, they are the only ones who can impose credit terms on the business. Suppliers may also relax the credit terms or deny the business credit facilities depending on their risk assessment of the company.
Why did Guardbark want people to not disturb the trees?
He wanted the trees to be left alone because they give us oxygen and are the habitats of lots of diverse species.
Why trees are important?Over 80% of the world's terrestrial biodiversity may be found in trees, which also help clean the air we breathe, filter the water we drink, and offer habitat. Over 1.6 billion people have worked thanks to forests, which also remove dangerous carbon from the environment and serve as a major component of 25% of all pharmaceuticals.
The existence of several huge creatures depends on trees. Trees are employed as sources of nutrition, shelter, and breeding grounds. Numerous animals also utilize trees as places to rest, build nests, and as vantage points from which to hunt or catch prey. Animals can benefit from delectable fruits and foraging possibilities when the trees reach maturity.
Thus, these were the reasons he wanted people to not disturb the trees.
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bruh ur no help its not even a answer dumbo
Answer:
?
Explanation:
Answer:
whaaat
Explanation:
The "E" in ALERT stands for Employees and reminds you to (Choose all answers that apply)
A. Know who (which employees) are in your facility.
B. Limit employees access to prep & storage areas.
C. Conduct background checks and verify credentials.
D. Test employees knowledge of allergens.
is dispute a letter?
BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $127,200 paid to its employee, and FICA Medicare taxes are 1.45% of gross pay. For BMX, its FUTA taxes are 3.1% and SUTA taxes are 2.9% of the first $7,000 paid to its employee.
Answer:
a.
Taxes to be withheld from Gross Pay (Employee - Paid Taxes)
September Earnings Tax Rate Tax Amount
Subject to Tax
Federal Income tax $80.00
FICA - Social Security 800 6.20% $49.60
FICA - Medicare 800 1.45% $11.60
Total $141.20
FICA - Social Security = 800 * 6.2% = $49.60
FICA - Medicare = 800 * 1.45% = $11.60
b.
Date General Journal Debit Credit
Sep 30 Salaries Expense $800
Federal income tax payable $80
FICA taxes Payable - Social Security $49.60
FICA taxes Payable - Medicare $11.60
Salaries Payable $658.80
Salaries Payable = 800 - 80 - 49.60 - 11.60 = $658.80
What was in the sealed box from the Virginia Company in England that the settlers
A opened once they arrived?
B guns and weapons for protection from Indians
C gold
D the names of the seven men who would be the leaders
E a map that showed where the gold was
Answer:
B
Explanation:
Answer:
The Virginia Company sent a list of seven qualified men who could serve on a council and be the leaders. The company leaders did this because they knew the men would have a hard time agreeing on who should be the leaders.
Explanation:
Which speaker is most likely to make high-risk investments?
Speaker A: I want to invest in a lot of different companies. You never know when a company is going to have a surprisingly good or bad year.
Speaker B: I invest to get as much money as I can as quickly as I can. I'm not worried about losing money at all.
Speaker C: I'm nearing retirement, so I need to make sure my investments are safe. The worst thing that could happen would be losing all of my investments right before I need them.
Speaker D: I'm concerned that investment is always risky. I prefeito hold onto my money instead of investing it in companies or banks.
A. Speaker D
B. Speaker B
C. Speaker C
D. Speaker A
Answer: Speaker A
Explanation: Just took the quiz
The speaker that is most likely to make high-risk investments is Speaker B. Hence, Option B is correct.
What are high-risk investments?A high-risk investment is one in which there is either a large percentage chance of loss of capital or underperformance—or a relatively high chance of a devastating loss. It may offer the chance of higher returns than other investments might produce, but it also puts your money at a higher risk.
It has advantages also. Some of the major advantages are: investors can earn huge returns in a very short period of time; investors are able to purchase and sell the securities with ease; investors can earn capital gains as well as dividends on their investments; and many more.
Therefore, Option B is correct.
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Inflationary pressure in the AS-AD model can be shown as a
Demand shock that shifts the AD to the left.
rise in input prices affecting most firms across the economy shifting AS curve to the right.
rise in input prices affecting most firms across the economy shifting AS curve to the left.
Answer: rise in input prices affecting most firms across the economy shifting AS curve to the left
Explanation:
Inflationary pressures simply refers to the pressure on both the demand and the supply-side which can bring about an increase in the general price level of goods and services in such economy.
Inflationary pressure in the AS-AD model can be shown as a rise in input prices affecting most firms across the economy shifting AS curve to the left. The aggregate supply curve shifting to the left implies that there'll be a reduction in the goods and services demanded in the economy due to the increase in price.