What is a "proof of cash? What purpose does it serve?

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: Why does cash require some specific internal controls?a. Most transactions ultimately affect cash.b.…

A: Internal control: Internal control is a process which ensures continuous reliability of…

Q: What may be included under the heading of “cash”?

A: Current assets: Current assets are those assets owned by the company that can be convertible into…

Q: In what manner can cash receipts and cash disbursements be controlled?

A: Budget: A budget is an estimation to determine the income that will be earned and expenses that will…

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

A:

Q: Whether Cash is a asset or equity

A: It is pertinent to note that an asset is a resource that is controlled by an entity from which…

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: Why are cash equivalents included with cash in a statement of cash flows?

A: Cash equivalents: Instead of keeping idle cash during high interest rates, the companies invest cash…

Q: What is included in cash sales?

A: Cash Sale Cash sale are refer as the sale in which payment is received at the time of sale. In this,…

Q: Explain the difference between the “transaction motive” and the “precautionary motive” for holding…

A: Firms have motives for holding cash. This is because the timing of cash in fow and outflow does not…

Q: Using an example, compare and contrast physical delivery and cash settlement?

A: The two most prevalent stock derivatives traded on a stock market are futures and options. These are…

Q: How is Cash audited?

A:

Q: Proof of Cash

A: as stated in question

Q: How does a schedule of interbank transfers show improper cash transfer transactions?

A:

Q: Indentify some of key cash inflows and cash outflows?

A: Cash flows of the firm is the movement of cash to and from business. It includes all the inflows of…

Q: Which one of the following assets is not considered as cash equivalent? Guaranteed investment…

A: Cash equivalents are form of liquid and current assets which can be converted into cash into short…

Q: Why should we count all cash at the same time?

A: It is necessary to count all cash at the same time to match physical balance with book balance. Cash…

Q: Explain the possible restrictions on cash and their implications for classification in the balance…

A: Restricted Cash Restricted cash is define as the cash is not freely available for the company to…

Q: What are the Important elements of a cash disbursement control system?

A: Internal control: Internal control is a process which ensures continuous reliability of…

Q: What is meant by 'cash inflow' and 'cash outflow'?

A: Cash flow statement: Cash flow statement is a statement that reports the cash inflow in operating,…

Q: Is There Cash Value of No Cash?

A: Step 1 The replacement cost less any depreciation is equivalent to the actual cash value (ACV =…

Q: How has technology changed the way target cash balances are set?

A: Introduction: Usually for a particular point of time, a target cash balance represents the optimal…

Q: The difference between cash inflows and cash outflows is known as what?

A: Cash flow is defined as the flow of money that comes in (cash inflow) and out of your (cash outflow)…

Q: What are cash equivalents? Provide two examples. Whyare these items often combined with cash for the…

A:

Q: What are the primary motives for holding cash?

A: Introduction: Cash is also recognized as most liquid and lesser productive assets of the company.…

Q: What types of policies, procedures and controls can companies put in place to safeguard, reconcile…

A: Cash: It is the money that is used for the revenue and capital expenditures of the organisation.

Q: What is the importance of each assertion in the audit of cash?

A: Introduction:- Assertions are an important characteristic of auditing. Assertions play vital role in…

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

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

Q: Why is cash management important?

A: Cash management is a technique used to manage cash of the entity. It helps in managing the cash that…

Q: How can we identify Cash Inflows and Outflows?

A: Statement of cash flows: Statement of cash flow is a financial statement that shows the cash and…

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: What are the key factors that can lead to an under/overstatement of  the cash balance

A: Cash balance is the balance appearing in the Cash edger or Cash Books after all income and…

Q: attemntine determine the nount of cash and

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

Q: cash transactions

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

Q: What is the cash journal?

A:

Q: What is the use of a petty cash fund?

A: A petty cash fund is a fund created to pay small expenses. No journal entry is passed for each…