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In a bank reconciliation, what happens to the outstanding checks of the previous month?

Unfortunately, the issuing individual or business does not have any way to force a check to be deposited. Once such checks are finally deposited, they can cause accounting problems. Furthermore, checks that are never cashed may constitute “unclaimed property” that is turned over to the state. •   You may wind up being charged overdraft fees […]

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Accounting Rate of Return ARR Calculator Average Rate of Return

For example, if the minimum required return of a project is 12% and ARR is 9%, a manager will know not to proceed with the project. If the project generates enough profits that either meet or exceed the company’s “hurdle rate” – i.e. the minimum required rate of return – the project is more likely […]

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