o a. Financial ACCOUNTING
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- 4. If a shareholder wanted to know how money flowed into and out of the company, which financial statement would the shareholder use? A. income statement B. statement of cash flows C. statement of retained earnings D. balance sheet 5. The debit side of an account A. is the left side of the account B. can be either side of the account depending on how the accountant set up the system C. is the right side of the account D. depends on whether the account is an asset, liability, or stockholders' equity 6. The process of initially recording a business transaction is called A. journalizing B. correcting C. balancing D. postingPlease assist with question a), Thank you. a) The business needs to have a sense of its future cashflows and therefore requires the preparation of the following: A schedule of budgeted cash collections for the trade receivables (sales on account) for each of the months October to December. A schdule of expected cash disbursements for accounts payable (purchases on account) for each of the months October to December. A cash budget, with a total column, for the quarter ending December 31, 2021, showing the expected cash receipts and payments for each month and the ending cash balance for each of the three months, given that no financing activities took place.25.The financial statement that displays the revenues and expenses of a company for a particular period of time is: a.Fund Flow Statement b.Income statement c. Balance Sheet d.Cash Flow Statement
- Kindly assist with the following: a) The business needs to have a sense of its future cashflows and therefore requires the preparation of the following: A schedule of budgeted cash collections for the trade receivables (sales on account) for each of the months October to December. A schdule of expected cash disbursements for accounts payable (purchases on account) for each of the months October to December. A cash budget, with a total column, for the quarter ending December 31, 2021, showing the expected cash receipts and payments for each month and the ending cash balance for each of the three months, given that no financing activities took place.Cash flow statements examine the net changes in assets, liabilities, and equities of a firm and are a good indicator of …. Question 1 options: A) industry performance B) management performance C) how funds are being used D) what revenue streams are coming into the firm E) B, C, and D are correctWhich of the following would not be important in examining the firm's build-up of accounts receivable, cash and current assets? a. A brief cash budget b. Cash receipts and cash payments schedules c. income statement d. sales forecast
- Give the meaning and purpose of each of the following: a. income statement b. cash flow statement c. balance sheetIf a firm shows a net accounting income then it will not have a cash flow isue not have problem obtianing loan able to repay all liabilities on time1) Which of the following statements includes closing stock? a. None of the options b. Income statements Only c. Balance Sheet Only d. Both Balance Sheet and Income Statement
- A capital budget estimates a firm’s expenditures for labor costs and other monthly expenses.; True or False{Auditing} 3. Which one of the following is the process of identifying, recording, analyzing and communicating financial information to stakeholders? a. Assurance b. Auditing c. Internal control d. None of the optionsThe statement that shows the sources and uses of funds is: a. Fund Flow Statement b. Cash Flow Statement c. Income Statement d. Cost Sheet