32.At the end of the accounting period, the petty cash fund/drawer showed petty cash vouchers for expenses paid from the fund that have not been reimbursed.  If no adjusting entry is made at year end,      a. cash will be understated and expenses will be overstated. b. cash will be overstated and expenses will be understated c. cash and net income will be understated. d. cash and expenses will be overstated.

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A: Cash and cash equivalents are the balance-sheet line items that represent the value of a company's…

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A: The petty cash fund is maintained by business to provide cash for day to day minor cash transactions…

Q: On September 1, French company has decided to initiate a petty cash fund in the amount of $800. A.…

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A: Hey there, Since multiple questions are posted only the first question will be answered. Kindly…

Q: 7. On May 2 Kellie Company has decided to initiate a petty cash fund in the amount of $1,200.…

A: The company maintains availability of small amount to pay daily expenses in the form of petty cash.

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A: Sno. Account Titles and Explanation  Debit   Credit  A Petty Cash  $       450     Cash    $…

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Q: A. Started a petty cash fund in the amount of $450. B. Replenished petty cash fund using the…

A: Petty cash fund is that fund which is established for the purpose of paying very small or petty…

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A: Petty cash book :- Petty cash book is a book that records small small expenses that are incurred in…

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A: a. Journal entry to create the petty cash fund:

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A: Petty Cash - it is basically a loan from treasury management. Petty cash is day to day expenses that…

Q: Which of the following would NOT be classified as cash? a. Company's post-dated checks b.…

A: Solution: "Company's post-dated checks" would NOT be classified as cash.

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A: Petty cash funds are those funds which are maintained for small petty expenses of the business.…

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A: 1) Checkbook balance   4,000,000 2) Postdated customer check   (200,000) 3) Undelivered check…

Q: A. Started a petty cash fund in the amount of $400. B. Replenished petty cash fund using the…

A: Petty cash fund is a fund setup in organisation that is meant for only small or petty expenses.

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Q: Outstanding checks for current period shall:

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Q: A. Started a petty cash fund in the amount of $300. B. Replenished petty cash fund using the…

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A: Journal Entry It is used to record the business transactions in an accounting systems.

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A: Introduction: Bank Reconciliation statement: Its a statement prepared by the customer of the bank to…

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A:

Q: petty cash fund

A: Petty cash fund is a small fund made of cash to meet the routine expenses of business.

Q: Under the imprest system, which amount the following situations when accounting entry is/are made?

A: Petty cash fund under the Imprest system does not record any entries unless the account is being…

Q: On September 1, French company has decided to initiate a petty cash fund in the amount of $850. A.…

A: Petty cash funds are those funds which are established and maintained for small petty expenses in…

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A: The petty cash fund is established to maintain the cash balance for the minor cash transactions of…

Q: Started a petty cash fund in the amount of $1,000. b. Replenished petty cash fund using the…

A: The petty cash fund is established to maintain the cash balance for smaller cash transactions of the…

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A: Motivation is an element of the fraud triangle. It is meant by the pressure to commit fraud.

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A:

Q: On September 29, the company determined that the petty cash fund needed to be increased to $1,000.…

A: The petty cash fund is established to maintain the cash balance for regular activities of the…

Q: The records of Parker Company indicate a July 31 cash balance of $10,400, which includes undeposited…

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Q: petty cash fund/

A: Correct answer is A :- cash will be understated and expenses will be overstated.

Q: Which account are cash receipts are recorded into as a debit entry by default? A Undeposited Funds B…

A: Note: As per the policy, We’ll answer the first question since the exact one wasn’t specified.…

Q: A. Started a petty cash fund in the amount of $300. B. Replenished petty cash fund using the…

A: Petty Cash Fund The purpose of a petty cash fund is to provide business units with sufficient cash…

Q: What adjustment is needed to the Cash balance per books?

A: Reconciliation is the statement which is prepared at the end of the period in order to determine and…

Cash Book

So, before coming to the topic of cash books, I will let you briefly explain about the cash so that you all can be familiar with the word cash. Cash comes under the category of the current asset which is used as a medium of exchange for all the financial transactions in the firm. Cash is something that is universally accepted as a mode of payment. So, now comes to the topic i.e., cash book.