Define Cashbook and also explain their types.

Q: What is the purpose of the cash receipts journal?

A: MEANING : PURPOSE: It is used to track the sales of items while cash is being received, by…

Q: What are cash equivalents, and why are they included with cash on a statement of cash flows?

A: Cash equivalents refers to financial instruments which can be converted into cash immediately or to…

Q: a) Prepare Cash Book

A:

Q: Describe the types of assetsthat are typically included under the heading “cash and cash…

A: Cash and cash equivalents include liquid assets such as time deposits, certificate of deposits, high…

Q: Briefly describe the flow of cash among receivables, cash,and marketable securities.

A: Financial assets:   The assets that are easily convertible into cash are referred to as financial…

Q: Demonstrate the link between cash reported in the balance sheet and cash reported in the statement…

A: The cash flow statement is primarily linked to the balance sheet as it shows the impact of the…

Q: cash and cash equivalents include

A: Introduction: Cash is used to buy goods and services and to pay off debts. Items that do not qualify…

Q: what are the three logical steps of the cash disbursements system?

A:

Q: Compare the various cash management alternatives.

A: Cash management can be described as the method of cash collection and cash handling. Evaluation of…

Q: compare cash fl ows from operating, investing, and fi nancing activities and classify cash fl…

A: The cash flow statement a statement which provides information of a company’s cash receipts and…

Q: Explain the financial presentation and also classification of cash and cash equivalent. (Write a…

A: •Cash and cash equivalents includes cash, assets immediately convertible into cash, bank balance and…

Q: Describe the audit procedure for cash.

A: Step 1   Basically, cash is a very sensitive item and highly risky on which there is always a fear…

Q: of cas

A: Particular Ester Books   Detail  Amount Balance of cash as on 01st November 2020   40000…

Q: Explain the term cash equivalents with examples.

A: Cash equivalents: Assets which are highly liquid in terms of quick payment and near to due date are…

Q: Describe the features of voucher system in handling cash disbursements. What is voucher register?…

A:

Q: What is Cash flow statement?

A: Cash Flow:-Movement of cash or cash equivalent as inflow or outflow either in real or virtually is…

Q: Instructions Prepare a schedule of cash payments.

A: Schedule of cash payments:   It is a statement to report the expected cash payments to be done by…

Q: Please give me an information about : cash reciepts, capital investments, loans, interest payment,…

A: Every feild had its own terminology. Same is with Accounting. Accounting has its own terminology,…

Q: A cash sale is recorded in the:

A:

Q: Explain the meaning of imprest system of pretty cash book.

A: Petty cash book: It is a book that is maintained for recording the small expenses that are incurred…

Q: Proof of Cash

A: as stated in question

Q: Define cash receipts journal.

A: Journal: Journal is the book of original entry. Journal consists of the day-to-day financial…

Q: Define each of the following terms:a. Cash discounts

A: The discount is an amount that is deducted from the selling price of the product or service.

Q: Define Statement of cash fl ows

A: A cash flow statement provides data regarding all cash inflows a company receives from its ongoing…

Q: Indicate how to report cash and related items.

A: Accounting:   It is the process of recording the financial transactions of an organization and…

Q: Explain the posting process of the cash payments journal.

A: Cash payment Journal: A journal which is used to record cash payments by check and cash for the…

Q: analyze and interpret both reported and common-size cash fl ow statements;

A: Cash flow statement is used in determining company’s future cash flow forecasts. Reported cash flow…

Q: Define cash balance plan

A: Introduction: A cash-balance plan is a pension plan in which an employee's final returns are stated…

Q: Describe cash equivalents

A: Cash equivalent means that amount which can be easily convertible into cash with any loss of value.…

Q: List and explain the substantive tets of Cash and Inventory.

A: Substantive tests It is the procedures by which evidence is gathered by auditors. It is inclusive of…

Q: Write note on cash and cash equivalents with example.

A: Cash and cash equivalents:   Cash and cash equivalents refers to the line items in the balance…

Q: Prepare Cash Disbursement for  purchases

A: Cash disbursement can be defined as the outflow of cash from the business. It arises due to…

Q: cash and cash equivalents

A: Cash and cash equivalents are assets in balance sheet that can be converted into cash quickly.

Q: ) Briefly explain the meaning of cash discount.

A: Cash discount  is the discount  offered by the seller of a product  to the buyer at the time of…

Q: Prepare Cash collection schedule

A: Cash collection schedule is the schedule which shows expected cash to be collected from cash sales…

Q: what apposing goals must be achieved in cash management?

A: Cash Management is the process of collecting the cash from various resources and effectively…

Q: attemntine determine the nount of cash and

A: Solution:   Calculation of cash balance $ 1 Commercial savings account 6,00,000 1 Commercial…

Q: What is the cash journal?

A:

Q: cash receipt journal

A:

Q: Define cash equivalents.

A: Cash equivalents are also known as cash and cash equivalents. These have low risk and low return…

Q: What's the entry for the cash receipt journal?

A: Journal entry is the entry which the business records normally on the journal but as there are…

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.