dure described pre

Q: Make cash receipts jounal

A: Journal entry: A journal entry is used to record day-to-day transactions of the business by…

Q: Please do Cashflow statement.

A: Cash flows statement is one of the financial statement of business, which shows all cash inflows and…

Q: ________are used to measure the speed in which various accounts are converted into sales or cash.

A: Activity ratios are the metric used to measure how efficiently a company can use its assets. They…

Q: Differentiate cash from accrual method of reporting income and expenses.

A: The basic difference between accrual and cash basis accounting is about timing for recognizing…

Q: Define cash and cash equivalents and explain how to report them.

A: Cash and cash equivalents are the current assets of a company which are available as cash or readily…

Q: Describe reconciliation with change in cash balance.

A: A cash flow statement is used to reconcile with change in cash balance. It shows the cash flow in…

Q: PLEASE SHOW APPRIPRAITE FORMULA THAT NEEDS TO BE INSERTED COMPLETE THE STATEMENT OF…

A: Cash Flow Statement is summary of cash receipts and cash payments for the period. There are three…

Q: use the cash balance per ledger to be greater tl ual by charging an amount to the depositor's acce…

A: Bank reconciliation is a statement made in order to ascertain the reasons for the difference between…

Q: The total cash receipts have to be put in the final part?

A: The cash receipts means the amount of money received either through cash mode or bank.

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: 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: describe the steps in the preparation of direct and indirect cash fl ow statements, includinghow…

A: Statement of cash flow is a financial statement that shows how changes in balance sheet accounts and…

Q: Which of the following statements are true regarding the control of cash receipts and cash payments?…

A: Fraud:   It is an intentional misappropriation of the assets or the financial records of an…

Q: Cash flows from collections on credit sales are usually reported in the statement of cash flows as…

A: Credit sale means that business has sold good on credit. Collection from credit sales means that the…

Q: How to calculate balance c/d when preparing an adjusted cash book?

A: Cashbook adjustments are used to correct input errors or adjust miscellaneous debits or credits in…

Q: Which of the following events would be LEAST likely to be modeled in an REA diagram?a. customer…

A: Definition: REA model: The graphical representation which shows the re-engineered accounting system…

Q: "recorded cash sales" what accounts are used

A: When we sell anything to the customer in cash then cash account debits and revenue of an entity will…

Q: Cash in BDO Cash in BPI Cash equivalents Other current assets

A: ABS Company's as of 31.12.2021  Petty cash fund = 29000 Petty cash book fund shows original balance…

Q: A "cash and carry" transaction

A: Arbitrage is the strategy utilized by the investors, in which they make benefit of the asset…

Q: Which of the following is a method to generate cash from accounts receivable? a. Assignment b.…

A: Assignment of accounts receivable refers to the process where the account receivables are assigned…

Q: Classify the following activities as part of the identifying (I), recording (R), or communicating…

A: Identifying means identification of relevant transactions. Recording means recording the accounting…

Q: Define cash disbursements journal.

A: Journal entry: Journal entry is a set of economic events which can be measured in monetary terms.…

Q: Define cash receipts journal.

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

Q: Prepare a flowchart of a cash receipts procedures described in the problem.

A: Definition: Accounts receivable can be referred to as the amount which is due from the customers of…

Q: What is the balance in cash after these transactions are journalized and posted?

A: Only cash transactions are to be considered.  We will start with the opening balance of cash. We…

Q: Define restricted cash and indicate how it should bereported on the balance sheet

A: Balance sheet: Balance Sheet is one of the financial statements that summarize the assets, the…

Q: Which task must still require human intervention in an automated purchases/cash disbursements…

A: Cash disbursement: Cash disbursement refers to the outflow of cash paid in exchange for provision of…

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: classification of the cash

A: Word cash, paid, cheque is Given in Transaction then it will Deemed / Considered Cash Transactions.

Q: Which is an appropriate method of preparing a common-size cash fl ow statement? B . Show each line…

A: Cash flow statement is a statement that shows all the cash inflows and outflows in the company under…

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: Distinguish between cash book and bank balance.

A:

Q: Which is an appropriate method of preparing a common-size cash fl ow statement? A . Show each item…

A: Statement of cash flows: This statement reports all the cash transactions which are responsible for…

Q: Which of the following is most likely to appear in the operating section of a cash fl ow statement…

A: Cash flows statements are financial statements which provides information about the cash inflows…

Q: cash disbursements for selling and administrative expenses on the

A: Non cash expense is an expense for which there will be no outflow of cash required to settle.…

Q: Prepare Cash collection schedule

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

Q: Indicate how each of the items below should be reported using the following classifications: (a)…

A: Cash and Cash equivalent In the classified balance sheet the account details of cash and cash…

Q: cash transactions

A: When cash word , cheque word  are given in transaction are considered as cash transactions. Some…

Q: Cash received electronically through an electronic funds transfers (EFT)

A: Internal control represents the reasonable assurance that the employees of the company have not been…

Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is