What is cash payment

Q: Make cash receipts jounal

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

Q: Cash vs. Cash Equivalence

A: Cash  Cash Equivalents  Cash is money in the form of currency. This includes all bills, coins, and…

Q: Recognize the link between money and credit? Explain

A: Money is defined as the financial medium used to facilitate transactions between parties. Money…

Q: What is debit

A: Debit is an entry recorded in the left side column of an account.

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 type of function models a savings account

A: The saving accounts contain compound interest charge on their balances which indicates the…

Q: What is contra entry in cash book? How is it recorded?

A: Meaning of Contra-EntryIn the dual entry accounting system, a contra entry is an entry which is…

Q: What's the difference between a cash business and cash accounting?

A: A business that runs primarily on cash transactions is known as a cash business. The business may…

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 Cash flow statement?

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

Q: What is cash flow

A: Cash flow means movement of Cash and cash equivalents in and out of the business.    Cash flows…

Q: Example scenarios of commodity money, fiat money, representative money, fiduciary money and…

A: One of the important tools, in order to buy and sell the goods and services in the market, is known…

Q: e cash T-account?

A: The credit side of cash T-account represents payments made by cash.

Q: What is the primary difference between cash and accrual accounting?

A: The business revenues and expenses can be recorded on the basis of cash or accrual.

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: Regarding sources of cash, is granting credit to a custom

A: Companies give credit to customers to increase sales.

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

A: A four-column bank statement prepared by auditors is called proof of cash. It has a detailed…

Q: What are the forms of money ?

A: Answer are as follows.

Q: what is debit and credit?

A: Debits and credits seem to be a bookkeeping notation framework that determines how and where every…

Q: What are the components of cash ?

A: Required  What are the components of cash.

Q: Characteristics of money

A: Accounting exchanges are those exchanges that legitimately influence the financial statements of a…

Q: 1. Define cash.

A: Hi student Since there are multiple questions, we will answer only first question.  Cash is very…

Q: what total amount should be reported as cash and cash equivalents?

A: Cash and cash equivalents is an important part of assets of the business. It means assets which are…

Q: What are the feature of Receipt and Payment Account?

A: Receipt and Payment Account is a summary of cash Receipts and payments in an accounting period. Not…

Q: Why do companies offer a cash discount?

A:

Q: How does paying cash for purchase of supplies affect the accounting equation?

A: Accounting Equation is as follows: Assets = Liabilities+ Equity (Owner's funds) Each accounting…

Q: b) Explain the difference between Accrual and Cash Accounting. Give an example to assist in your…

A: Under the Cash Basis of Accounting, revenue is considered only when the actual amount is received…

Q: Is Cash an asset?

A: In financial accounting terms, Asset is any resource owned by the company or the entity for which…

Q: Is revenue earned the same as cash collected?  Why or why not?

A: Introduction: Cash basis accounting: Only cash transactions are recorded. No credit transactions are…

Q: What is the difference between cash expenses and non cash expenses?

A: Rent expense, salary expenses, insurance expense, depreciation expense, amortization expense, and…

Q: - in cash.

A: 1   175000     2   190000

Q: (a) Distinguish between Money measurement concept and matching concept.

A: Accounting concepts are those rules, regulations and guidelines which are used for completion of…

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: Identify the relationship between money, credit?

A: Money is considered as the financial medium exchanged between parties that enable the transaction.…

Q: remittance

A: CONSIGNMENT  conisgnment  is an arrangement where goods are sent to a third party for to sell the…

Q: the cash interest paid is:

A: Bonds are issued by company to raise funds for running business. Bonds are issued either at par…

Q: What is receipt and payment account

A: The answer is provided as follows:

Q: Diffrence between debit and credit ?

A: Debit and credit are two sides of general ledger account. For some accounts, debit means increase…

Q: What is the cash journal?

A:

Q: What is cash equivalent

A: Cash equivalent is the most liquid form of current asset that is shown in the balance sheet of the…

Q: What are cash receipts?

A:

Short-term Financing

Short-term financing occurs when a company finds an external funding source to run the business for a short period of time that takes less than a year to pay off. Working capital financing is another term for short-term financing. When a company's cash flow from operations is uneven, short-term financing is used to generate cash flow and cover operating expenses. Short-term finance is typically used by businesses to fund inventory, accounts receivable, and loans.