accounting help
powells2005
ip_4_accounting.docxYou are to complete the following task:
For each of the following errors, describe to a recently hired bookkeeper how it would be shown on a cash reconciliation:
· The bank recorded a deposit of $200 as $2,000.
· The company’s bookkeeper mistakenly recorded a deposit of $530 as $350.
· The company’s bookkeeper mistakenly recorded a payment of $250 received from a customer as $25 on the bank deposit slip. The bank caught the error and made the deposit for the correct amount.
· The bank statement shows a check written by the company for $255 was erroneously paid (cleared the account) as $225.
· The bookkeeper wrote a check for $369 but erroneously wrote down $396 as the cash disbursement on the company’s records.
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Grading Criteria |
Percentage |
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Deliverable requirements addressed; understanding of material and writer's message and intent are clear |
40% |
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Calculation methods, where required, are contextually appropriate, fully explained, and presented in a manner that is easy to understand |
10% |
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External research incorporated into the paper, if any, supports writer's position properly acknowledged and cited direct quotations may not exceed 10% of the word count of the body of the assignment deliverable (excluded title page, abstract or table of contents if used, tables, exhibits, appendices, and reference page(s).) Inclusion of plagiarized content will not be tolerated and may result in adverse academic consequences. |
5% |
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Critical thinking: Position is well-justified; logical flow; examples |
20% |
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Structure: Includes introduction and conclusion; proper paragraph format and reads as a polished, academic paper or professional presentation, as appropriate for the required assignment deliverable |
10% |
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Mechanical: No spelling, grammatical, or punctuation errors |
10% |
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APA: Deliverable is cited properly according to the APA Publication Manual (6th ed.) |
5% |
