Why should we count all cash at the same time?

Q: Why is the actual timing of cash inflows and outflows is ignored?

A: Cash inflows and cash outflows is the main integral part of the business. Without investment one can’t…

Q: hy can not we wait to record transactions until the cash comes in or the cash goes out?

A: Accrual system of accounting says that every thing which is accrued has to be provided in books of…

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: How is the account Cash Short and Over used?

A: An account that records the shortage overage of the cash is referred to as Cash Short and Over…

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: Which one of the items below is not a reason why cash does not equal profit?   Cash Sales…

A: Cash is not equal to profit there are many possible reasons there may be.

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: 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: What are the two principal reasons for holding cash? Can a firm estimate its target cash balance by…

A: It refers to the level of cash that the company should maintain to determine the tradeoff between…

Q: The balance of Cash is likely to differ from the bank statement balance. What two factors are likely…

A: Bank Statement: A report or summary that records financial transactions of deposits and withdrawals…

Q: When the amount of cash in the cash register exceeds the amount in the cash register tapes, the…

A: Cash Over and Short account is used to record the discrepancy between firms' reported sales figures…

Q: What are the three primary reasons an organization holds cash or cash equivalents?

A: Cash and cash equivalents are those liquid assets which are either in cash or can be converted into…

Q: Why should cash receipts be deposited on the same day they are received?

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

Q: What are the Examples of cash equivalents?

A: Cash & Cash equivalents: Cash is the money which is readily available in the form of currency.…

Q: e petty cash we

A: Correct Answer is D :- 19

Q: How much would the ending cash balance be based on the above information?

A: Statement of cash flow: It refers to a financial statement that shows all the cash payments and…

Q: How can a proof of cash reveal unrecorded cash deposit and cash payment transactions?

A:

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: 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: How is a petty cash fund established? How is the fund replenished?

A: Petty cash: A petty cash is a small amount of cash on hand maintained by the companies to pay the…

Q: What two definitions of cash are commonly encountered?

A: Introduction: Usually, cash is often listed under the head of current assets on the company’s…

Q: Which of the following is considered as cash equivalents? Bank overdraft Trade AR Money orders All…

A: Cash and cash equivalents are those short term assets which can be converted into cash in short…

Q: Which of the following should be considered cash equivalents? Post-dated checks Money market with…

A: Cash and cash equivalent means the amount of cash , bank or highly liquid marketable securities…

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: Why are cash receipts required to be deposited the same day they are received?

A: Cash receipts represent the revenue received for the sale of goods or services.

Q: Why is it preferable to receive cash sooner rather than later?

A: Definition:   Time value of money: The time value is measured with the difference between an…

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: classification of the cash

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

Q: Which side of the account increases the cash account?

A: As per the golden rules of accounting if assets come in then it should be debited but if assets go…

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: Is an investment in Treasury bills always classified as a cash equivalent? Explain

A: Cash Flow Statement:   It is a financial statement prepared by a company to report their cash…

Q: If the time interval for compounding is different from the time interval for cash transactions what…

A: Time interval plays a big role in determining the inflows and outflows of an investment ,therefore…

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: melgguo How much is the ending cash balance?

A: The Cash Balance at the end of the year :  P16,350,000

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 is treasury bills and why it is considered as an cash equivalent?

A: Short term Investment: They are  temporary investments and can easily be liquidated  into cash.

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: explain how to get total cash available

A: Cash available means total cash in the hand of business in order to make payments and keep ending…

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:

Q: * .The basis for the cash is the double-entry system

A: Double entry system is the system in which at least two accounts for each type of transaction occurs…