Which one of the following is considered as cash? a. Credit card. b. None of these c. Certified Cheques. d. Post Dated Cheques

Q: Which of the following entries records the receipt of cash from clients on account? a.Accounts…

A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal.…

Q: The following are the reasons for dissimilarity between balances in the bank statement and the cash…

A: Dissimilarity between bank statement and cash book occurs due to various factors like Dishonored…

Q: MCQ 1 Which of the following is not considered cash for financial reporting purposes? a. Petty cash…

A: Hello, I am only answering first question as per the policy and if you want other to be answered…

Q: When does the business maintain Petty cash? a. Shortage of cash in business b. Business purchased on…

A: The petty cash book is prepared for the daily expenses of the business.

Q: REQUIRED: IDENTFY ONE ACCOUNT AND ONE ASSERTION FOR EACH CONDITION (IDENTIFY EITHER THE DEBIT OR…

A: Journal entries: It is the duty of the accountant to record business economic and non-economic…

Q: Cash received from loans is a deposit other than customer payments. Group of answer choices True…

A: Cash received from the loan is considered as the current liabilities with the name of deposits.

Q: Which one of the four methods of payments creates an accounts receivable?   Select one:   a.…

A: Accounts receivable: Accounts receivable refers to the amounts to be received within a short period…

Q: True or false Check number indicates the details of the check paid by the bank. The recipient of the…

A: Check numbers are for your reference so you can keep track of transactions. The bank doesn't rely on…

Q: NSF marked in cheque sent back by the bank indicates   Question 5 options:   bank could not verify…

A: >Cheques or check, are the financial instruments, used to make due payments. >If a person (Mr.…

Q: Which of the following items should not be included in the Cash? O A. Petty cash and change funds…

A: The balance sheet represents the financial position of the business with assets and liabilities on a…

Q: In payment for a shipment of fittings, Retool LLC offers Supply Company a cashier’s check. A…

A: Hey, since there are multiple questions posted, we will answer the first question. If you want any…

Q: rue or False. All payments by cheque are recorded in the cash payments journal. Any  GST/HST paid on…

A: Cash payment journal is a accounting book, which records all type of payments such as payment for…

Q: Which one of the following is not considered as cash? a. Credit card. b. Debit Card c. Bank…

A: Debit card is used to make online payment.

Q: Which among the following are transactions that are settled by immediate cash payment and cash…

A: Which among the following are transactions that are settled by immediate cash payment and cash…

Q: State the reasons of the following statement:  The balance in the cash column of the cash book is…

A: a.   Cash column of cash book will always show debit balance because cash payment can never exceed…

Q: 1. Advances for travel expenses are reported as: a. Supplies b. Cash, since they are…

A: Cash and Cash Equivalents - Cash and Cash equivalents are the items which can be converted into cash…

Q: ing source of finance allows the holders to withdraw more than their balance ? a. Commercial Paper…

A: Financial instruments are instruments that have some monetary value and are created due to the…

Q: What entry is required in the company's accounts to record outstanding checks? Select one: A. no…

A: Outstanding checks - Outstanding Checks are written but not received yet, not cleared, Cash has not…

Q: Which of the following is not a book reconciling item? A. Book Error B. CreditMemo C. Debit Memo D.…

A: solution Note : as per the Q&A guideline we are required to answer the first question only .…

Q: Using the following information related to Lo-Sag Constructions find out the Bank Balance as per…

A: A bank reconciliation statement is a statement prepared by the entity to compare the balance of the…

Q: Which one of the following is considered as cash? a. Post Dated Cheques. b. Certified Cheques. c.…

A: Cash and cash equivalent is the part of current assets which are reported on the balance sheet of a…

Q: either the word "debit" or the word "credit." A. The Bank account normally has a B. A revenue…

A: Debits and credits seem to be the opposite aspects of an accounting journal entry. Whenever accrual…

Q: I’m confused on how to enter these into the table. Specifically b & c. My table options are…

A: ACCOUNT RECEIVABLE; An account receivable is defined as it is money that has not been paid by…

Q: Statement 1: Bank service charge is a book reconciling item and will never affect the bank proof of…

A: The bank reconciliation statement is prepared to equate the balances of cash book and pass book with…

Q: . Which of the following is usually considered cash?    a. Certificates of deposit b. Checking…

A: Cash means cash on hand and demand deposits.

Q: From the following information which is "NOT TRUE" about the Cash Payment Journal under perpetual…

A: Cash payment journal record various cash disbursement like loan payment, cash payment, accounts…

Q: 34- Which one of the following is considered as cash? a. Certified Cheques. b. Letter of credit c.…

A: Accounting is essential to operating a company since it allows businesses to track income and…

Q: B. 772,150 C. 779,650

A: Adjusted cash balance refers to the physical document which reflects the details about the desired…

Q: Which one of the following is not considered as cash? a. None of these b. Credit card. c. Coins and…

A: Cash & Cash Equivalents: The line item on the balance sheet that represents the value of a…

Q: When cash is debited, a typical credit is to O Accounts receivable Withdrawals O Expenses O Accounts…

A: "We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: bank statement is prepared   Question 1 options:   to know the payment made through cheques   to…

A: A bank reconciliation statement is prepared by the management at a particular time period. It helps…

Q: A cash receipt that the business has added to its cash account,but that the bank has not added to…

A: The bank reconciliation statement is prepared to equate the balances of cash book and pass book with…

Q: What entry is required in the company's accounts to record outstanding checks? Oa. debit Accounts…

A: Outstanding check: When company issue the check to the vendor/creditors but they do not present the…

Q: 43-Which one of the following is not considered as cash? a. Credit card. b. Coins and currency…

A: Coins and currency notes, debit cards and bank deposits from all these cash can be withdrawn and…

Q: The following items may appear on a bank statement: 1. Bank correction of an error from posting…

A:

Q: Explain and answer the following questions below: 1. Explain the measurement of accounts receivable.…

A: Note: As per Bartleby guidelines,I am supposed to answer only the first question because these…

Q: When a company has performed services for a client but has not yet received payment, it: makes no…

A: As posted multiple independent questions we are answering only first question kindly repost the…

Q: Bank errors should: Group of answer choices be adjusted in book but not in bank proof of cash. be…

A: when ever transaction is recorded in the cash book and pass book there is is always a chance that…

Q: Which of the following journal entries is correct when a business entity uses cash to pay an account…

A: The journal entry is the initial reporting made to the books of accounts with regard to the…

Q: g would not appear on a bank statement for a checking account? a.Deposits

A: The correct answer is  C. outstanding checks      An outstanding check may be a check payment that's…

Q: Write the word "True" if the statement is correct and "False" if it is incorrect. 1. Debit memos are…

A: "Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: Instructions 1. Prepare a bank reconciliation as of July 31, 20Y0. If errors in recording deposits…

A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: Which one of these principles is considered for cash disbursement control Select one: O a. Print…

A: Internal control is an important part of every organization. It helps in maintaining the efficiency…

Q: ME8 Which of the following entries for goods sold by cash is correct? a) Cash Dr, AR Cr b) AR Dr,…

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

Q: Cash book does not record transaction of :(i) Cash nature(ii) Credit nature(iii) Cash and credit…

A: (ii) Credit nature- is the correct option.

Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.