Ask Question
BusinessBusiness
22 February, 04:49

Why would transactions completed on the last day of the month be "outstanding" on the blank statement?

+2
Answers (1)
  1. 22 February, 06:53
    0
    I believe the answer is: Not enough time to go through the bank system

    Bank statement is created by the end of the month. When a transaction is completed on the last day, the record of the transaction might be recorded on the bank statement for the next month, To correct the imbalance, we just need to conduct a bank reconciliation.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Why would transactions completed on the last day of the month be "outstanding" on the blank statement? ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
If estimating the amount of time to design a new product, should you err on the high side or the low side?
Answers (1)
Why were the British able to crush the revolt
Answers (2)
Markel is buying a new car but needs to keep his payments under $250.00 per month. He would also like to pay it off as quickly as possible so he can start saving for a vacation. Which option will meet both his budget and his vacation plans?
Answers (1)
Harrah's Entertainment, a casino hotel company, has a company incentive program weighted toward team results. A relatively small percentage of compensation is based on individual goals.
Answers (1)
Barton Chocolates used a promissory note to borrow $1,000,000 on July 1, 2018, at an annual interest rate of 6 percent.
Answers (1)
New Questions in Business
To increase marginal return, a company might consider A. stopping production. B. purchasing more machinery. C. increasing output. D. reducing output.
Answers (1)
If a firm produces 20 units of output and incurs a total cost of $1,000 and a variable cost is $700, calculate the firm's average fixed cost of production if it expands output to 25 units. A. $300 B. $15 C. $12 D.
Answers (2)
New college graduates still looking for their first jobs would be classified in the BLS data as.
Answers (1)
On how fish survival in water
Answers (1)
One of the main implications of the four-drive theory is that: employers should give all employees the same employee benefits. employers should select people with the best qualifications for a job.
Answers (1)
Home » Business » Why would transactions completed on the last day of the month be "outstanding" on the blank statement?
Sign Up Forgot Password?