Carlos Martin received a statement from his bank showing a balance of $56.75 as of March 15th. His checkbook shows a balance of $87.37 as of March 20. The bank returned all the cancelled checks but two. One check was for $5.00 and the other was for $13.25. How much did Carlos deposit in his account between the March 15 and the March 20
he deposited $48.87
it is returned to the account holder
Yes. If it is a deposit paid to a vendor, then it will be classified as an asset. If it is a deposit received from a customer, then it is a liability. Depending on when it is expected to be returned, you will classify it as either current or non-current.
Bills receivable is a real account. When acceptance is received, Bills receivable account is debited (debit what comes in). When the bill is discounted or returned to acceptor at the time of maturity, Bills receivable account is credited (credit what goes out).
A check is said to have returned if it does not meet any of the conditions as laid down by the banker. The condition may be insufficient funds, omission of date, no signature and so on. Bank will apply some charges for the check returned.
Can't cash it
48.87
statement Carlos received showed a balances of $56.74 as of March 15th. his checkbook showed a balances of$87.37 as of March 20th. all cancelled checks were returned, but two. One was for $5.00 and other was $13.50. How much did Carols deposit in his account between March 15th and March 20th
They are known as cancelled checks as they have been paid.
Been cashed and returned to you
it is returned to the account holder
If Eliza Savage received a checking account balance of 324.18 and then a few weeks later her own records showed a balance of 487.38, chance are high the bank deducted her some cash for some of the services that they provided her.
not likely
No I am positively sure that you cant because it has been returned to the person who gave it to you and he/she has maybe cancelled it.
if the stamp is not cancelled you can resend it without another stamp
The Returned - 2013 is rated/received certificates of: Australia:MA15+
Match the closing balance on the previous statement with the beginning balance on the current statement. Record the closing balance from the current statement on the reconciliation worksheet on the back of the current statement. Match the deposit receipts with those on the bank statement. Place all returned checks in numerical order. Compare the amounts of the checks with the amounts on the current bank statement. List all outstanding checks separately on the reconciliation worksheet. Add any interest earned as well as service charges. Compare the checkbook balance with the bank statement balance. If the two do not agree, check your work and then call the bank.
If the policy is being cancelled retroactive to it's effective date as if it never existed then yes, it should be returned. This assumes that the policy fee was charged on the renewal. If you had a policy for the initial term and they have chosen not to renew you should not expect a return of your policy fee for the initial term.