The bank statement is defined as the summary of financial transactions in a specific period of time. It allows to check for errors, suspicious activity and is required to apply for the loan.
The given statement is True.
The steps involved in reconciling a bank statement are:
1. Compare the bank deposits, such that the deposits in the bank should match with the bank statements.
2. Adjusting the bank statement such that if any of the data does not match then the bank statements should be adjusted to the correct value.
3. The cash account should be adjusted after correcting the bank statement.
4. Thus, finally the bank deposits and the bank statements should be compared.
Thus, the given statement is true.
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What are parts 1 and 2 of the cell?
Which bright solar feature is shown in the picture above?
Solar flare
Prominence
Sunspot
Convection zone
Answer:
ProminenceExplanation:
Prominence is a huge, glistening, and gaseous feature that extends outward from the sun's surface. The photosphere is one of the layers of the sun where prominences are anchored before moving into the corona.
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