ebtors, inventories and bills receivable etc. that gets converted into cash within one operating cycle of business is known as

Q: The cash account in the company's ledger is a(n) a.liability with a normal credit balance…

A: All expenses have a debit balance and income have a credit balance. All assets such as cash,…

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: factored. What is the total cash received from the financing of receivables?

A: Loan is the amount that an individual, company, or corporation owed for financing its activities and…

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: If a company debits Cash and credits Sales Revenue, it is recording the.

A: Real accounts are those assets and liabbilties whose balance is carried forward from one accounting…

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: 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: Monetary assets include cash, accounts receivable and inventory. O accounts receivable and property,…

A: A monetary assets are those assets  which  can easily  converted  into Fixed or determinable units…

Q: Which of the following is not an operating cash flow? collection of cash from receivables payment of…

A: Cash flows from operating activities: It is a section of Statement of cash flow that explains the…

Q: Show how to calculate cash payments for selling and administrative expenses, and cash payments for…

A: The cash payment against an expense refers to the payment made during the accounting period for that…

Q: Determine whether the firm reports each of the following items as part of cash and cash equivalents…

A: Cash And Cash Equivalents are the current assets which can be converted into cash very easily in the…

Q: The entry to record collection of trade receivables under cash basis of accounting is A. debit to…

A: Under cash basis of accounting only cash transections are recorded such as cash collection, Cash…

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 can you tell by looking at the Statement of Cash Flows of a company that the company collected…

A: In a cash flow statement, cash flows from operating activities are those activities which are done…

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: internal controls over cash receipts and cash payments. Identify and discuss the similarities and…

A: lnternal control are  methods that are ensure  the proper safeguarding of assets are necessary to…

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

A: In finance we use different types or kinds of ratios. These ratios, called financial ratios, are…

Q: Explain the cash flow activities by the business cycle,showing where the cash is generated and where…

A: Cash Flow statement: The statement which summarizes the net amount of cash disbursed and received in…

Q: The primary objective of the statement of cash flows is to provide information about a company's: O…

A: Solution: Statement of cash flows is a financial statement that provides data regarding all cash…

Q: he ___________ is the process by which a company spends cash, generates revenues, and receives cash…

A: Solution Concept In a business there may be various activities conducted Every business has its core…

Q: What are the benefits of a company having a centralized cash management system

A: A centralized cash management system efficiently handles cash and provides a higher return for the…

Q: classification of the cash

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

Q: A client pays a firm the outstanding balance on an inv this? O General Journal O Cash Disbursements…

A: Any outstanding balance receivable from client or customer, such account will shown as receivable in…

Q: True (t) or False (f) ______ Savings accounts are usually classified as cash on the balance sheet.

A: Savings accounts are considered as cash equivalents item such as easily convertible into cash.

Q: For most businesses, what does cash consist of ?

A: Given: The requirement of the cash in a business.

Q: In simpler terms, revenue is the inflow of cash or accounts receivable that a business receives when…

A: Financial Accounting:   It refers to the process of recording the financial transactions of the…

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: Discuss the importance of reporting the transactions of cash flows in the correct period for a cash…

A: There are two methods of recording transactions which is cash basis and accrual basis. Cash basis…

Q: Where are cash equivalents disclosed in the financial statements?The _____________ account on the…

A: The Cash account on the balance sheet. Option B. is correct answer.

Q: Where do I find a businesses internal controls over cash receipts and cash payments?

A: Because cash is by far the most flexible of all assets, a business firm cannot survive or even…

Q: Cash Beginning Balance Cash Sales Disbursements Collections -Other Receipts Ending Balance

A: Cash is the asset for the company. The normal balance is the debit balance of cash account. It shows…

Q: How can I find cash provided by operations?

A: Introduction: Cash flow from operations is the part of an organization's cash flow statement that…

Q: The current assets are? ending raw materials inventory. account receivable. notes receivable bank.…

A: The current assets refer to those kinds of assets that can be converted into cash and cash…

Q: The measure of a company’s ability to collect cash from its customers who purchase onaccount is…

A: Accounts receivable form a part of current assets of the company and comprises of the dues that are…

Q: The operating cycle for a merchandiser that only has cash sales moves from:

A: AS THIS IS THE CASE WHERE MERCHANDISER ONLY HAS CASH SALES SO THERE WILL BE NO ACCOUNTS RECEIVABLE…

Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.