Write short note on cash.

Q: Required: You expected to prepare a cash book

A: Cash book is the book in which all the transactions of the business which are in cash means all the…

Q: The sales journal is used to record a. Credit sales. d. Cash purchases. b. Cash sales. e. Credit…

A: Sales journal is one of the kind of special journal. Special journals are used, when a company has…

Q: Define the Note Issued for Cash.

A: Promissory Note:   A promissory note is a legal and financial tool that contains a written promise…

Q: The entry to establish a petty cash fund includes: O A. O B. A debit to Cash and a credit to Cash…

A: Petty cash is termed as the small cash amount which is kept on the premises of the company in order…

Q: Prepare Cash account ledger and show the final balance with neat tabular way

A: Introduction: Ledgers: After journals all the journals are posted in to ledger account separately to…

Q: a) Prepare Cash Book

A:

Q: Describe and use the cash receipts journal. List theree items of information about each cash receipt…

A: Cash Receipts Journal:   It is a special book where only cash receipts transactions that are…

Q: The purchases journal is used to record O Credit sales O Cash sales O Cash receipts O Cash purchases…

A: Subsidiary books are maintained in order to support the primary book of entries. Subsidiary books…

Q: Every transaction recorded in the cash payments journal includes  Credit to Cash. Debit to Accounts…

A:

Q: Why should cash receipts be deposited on the day of receipt?

A: Cash receipts refers to the money received in the form of cash on a specific date or during a…

Q: where would borrowed cash go on transaction worksheet

A: The borrowed cash is the amount of cash received by the entity through many ways - like from banks,…

Q: Add any values according to you   petty cash  statement

A: Petty cash statement is the statement in which all the expenses which are related to it and which…

Q: Describe the features of voucher system in handling cash disbursements. What is voucher register?…

A:

Q: 1. What is a compensating balance?

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

Q: Which of the following entries records the collection of cash from cash customers?   Question 9…

A: Collection of cash from cash customers means cash is receive from sale or service.

Q: The journal entry to record lending money on a note receivable is… what?

A: Journal book is the book where all the transactions of the company will be recorded in a…

Q: ash rece

A: cash receipts journal ought to have a history of your money transactions. exploitation your sales…

Q: Journalize the entry to replenish the petty cash fund. If an amount box does not require an entry,…

A: Step 1 Journal is the part of the book keeping.

Q: The entry to establish a petty cash fund includes: Multiple Choice A debit to Cash and a credit to…

A: Entry to Establish Petty cash is   PARTICULAR DEBIT CREDIT       PETTY CASH             TO…

Q: Which of the following items should be included in the Cash? O A. O B. Postdated checks and I.O.U.'s…

A: Cash and Cash equivalents are coins ,notes bill, cash at bank and any marketable security that can…

Q: Which of the following best describes a voucher? A supporting document prepared for each cash…

A: A voucher checks are commonly used by a company's payroll department and are referred to as payroll…

Q: additional loan from bank should it be included in cash at hand/cash on bank

A: The company maintain certain amount of the cash for working capital management and smooth operations…

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

A: Companies give credit to customers to increase sales.

Q: A tear-off part of a check that has a simple explanation of the reasons for the payment is called:

A: The Check has Different Features which enables the User to utilize to its best use. The Tear Off…

Q: Write a note on cash discounts.

A:

Q: Why might a business prefer a note receivable to an account receivable?

A: An account receivable is a simple promise to repay the seller done by customer which is due as a…

Q: What is the adjusting entry for Bank Reconciliation: Debit Memo- Cost of Checkbook

A: A debit memo issued to customer for cost of checkbook will reduce the account balance of the…

Q: How do you write up a cash book

A: Cash book is ledger maintained to keep the record of cash transactions and cash balance in the…

Q: Explain book debits and book credits, bank debits, and bank credits. What is proof of cash and its…

A: In books, all the debits and credits are related to assets, liabilities, revenue, and expenses.…

Q: Which account in the bank helps the customers to deposit and withdraw when they need it? a. Savings…

A: Introduction: Banks: Banks accepts deposits from customers and gives loans to who are needed. It…

Q: Why does the bank treat an account balance as a Credit when there is money in the account, while in…

A: Every business has the bank account and business as well as the bank maintains its books of accounts…

Q: All of the following is included in the "cash and cash equivalent", except: O A. Certified checks…

A: Solution: Cash and cash equivalents are cash and assets and securities that readily convertible into…

Q: Transactions for petty cash, cash short and over

A: Petty cash fund:   Petty cash fund is a fund established to pay insignificant amounts like postage,…

Q: what is procedure to posting account payable ledger in cash disbursements system

A: Accounts payable forms a part of current liabilities and represents the amount that the entity owes…

Q: To deposit money in your business's bank account you should use O A cheque book O A bank statement O…

A: The Question has covered the concept of Cheque book, deposit slip, withdrawal slip, bank statement.…

Q: A" borrowed money from bank; this transaction involves which one of the * ?following accounts Cash &…

A: Solution: Borrowing money represents cash has been taken for a loan. It involves cash inflow and…

Q: Prepare Cash Disbursement for  purchases

A: Cash disbursement can be defined as the outflow of cash from the business. It arises due to…

Q: The sales journal is used to record______.      cash      sales on account      debit…

A: Sales journal is used to record all the account sales entries but it does not includes cash sales…

Q: Why should sales to and receipts of cash from credit customers be recorded and posted immediately?

A: Accounting is primarily concerned with identifying, recording, measuring, summarizing transactions…

Q: Cash Beginning Balance Cash Sales Disbursements Collections -Other Receipts Ending Balance

A: Cash is the asset for the company. The normal balance is the debit balance of cash account. It shows…

Q: cash receipt journal

A:

Q: What's the entry for the cash receipt journal?

A: Journal entry is the entry which the business records normally on the journal but as there are…

Q: Describe situations in which you might use a certified check, cashiers check or money order.

A: Certified Check A certified check is a personal check that issued by a drawer in which the payer’s…

Q: If there is a credit balance of 500 on the cash column of the cash book it would most likely mean

A: First of all we make an Cash Book by taking imaginary figure. Here in question given that , the…