Explanation Explanation for correct answers : Effective cash management include the normal cash handling day to day transaction not for the investment purpose because cash management need to payment on the daily fixed payment. Explanation for incorrect answers : Option (a) the use of a petty cash fund. This payment made to normal small payment for the purchase of daily needs item. Option (b) Bank reconciliation: This option is not include cash management because this is a process of a match cash book and pass book for some error...

4th Edition

ISBN: 9781337690881

Author: Jay Rich, Jeff Jones

Publisher: Cengage Learning

See similar textbooks

Concept explainers

Cash Book

So, before coming to the topic of cash books, I will let you briefly explain about the cash so that you all can be familiar with the word cash. Cash comes under the category of the current asset which is used as a medium of exchange for all the financial…

Question

Definition Definition Financial journal in which only cash-related transactions are recorded. Cash transactions are posted chronologically in the cash book, which is also called a subsidiary book. All the cash receipts are recorded on the debit side and all the cash payments are recorded on the credit side. An important point to remember is that the cash book never shows a credit balance; only a debit balance is shown in the cash book.

Chapter 4, Problem 13MCQ

To determine

Introduction:Effective cash management control is very important for business day to day transaction, because in the normal days company purchase the raw material, salary payment, factory rent payment like other normal transaction. Company need cash on the daily basic.

To choose:What is not included in Effective cash management and control.

Expert Solution & Answer

Chapter 4 Solutions

Cornerstones of Financial Accounting

Ch. 4 - Prob. 1DQ Ch. 4 - Prob. 2DQ Ch. 4 - The Sarbanes-Oxley Act increased top managements...Ch. 4 - Prob. 4DQ Ch. 4 - Prob. 5DQ Ch. 4 - Prob. 6DQ Ch. 4 - Prob. 7DQ Ch. 4 - Prob. 8DQ Ch. 4 - Prob. 9DQ Ch. 4 - Prob. 10DQ

Ch. 4 - Prob. 11DQ Ch. 4 - Prob. 12DQ Ch. 4 - Prob. 13DQ Ch. 4 - Prob. 14DQ Ch. 4 - Prob. 15DQ Ch. 4 - Prob. 16DQ Ch. 4 - Prob. 17DQ Ch. 4 - Prob. 18DQ Ch. 4 - Prob. 19DQ Ch. 4 - Prob. 20DQ Ch. 4 - Prob. 21DQ Ch. 4 - Prob. 22DQ Ch. 4 - Prob. 1MCQ Ch. 4 - Prob. 2MCQ Ch. 4 - Which of the following is not one of the five...Ch. 4 - Prob. 4MCQ Ch. 4 - The internal audit function is part of what...Ch. 4 - Prob. 6MCQ Ch. 4 - Prob. 7MCQ Ch. 4 - Prob. 8MCQ Ch. 4 - Which one of the following would not appear on a...Ch. 4 - Prob. 10MCQ Ch. 4 - Prob. 11MCQ Ch. 4 - Prob. 12MCQ Ch. 4 - Prob. 13MCQ Ch. 4 - Prob. 14MCQ Ch. 4 - Prob. 15MCQ Ch. 4 - Prob. 16CE Ch. 4 - Prob. 17CE Ch. 4 - Cornerstone Exercise 4-18 Adjusting Entry from...Ch. 4 - Prob. 19CE Ch. 4 - Prob. 20CE Ch. 4 - Cornerstone Exercise 4-21 Cash Over and Short On a...Ch. 4 - Cornerstone Exercise 4-22 Cash Over and Short...Ch. 4 - Prob. 23CE Ch. 4 - Prob. 24CE Ch. 4 - Prob. 25BE Ch. 4 - Prob. 26BE Ch. 4 - Prob. 27BE Ch. 4 - Prob. 28BE Ch. 4 - Prob. 29BE Ch. 4 - Prob. 30BE Ch. 4 - Prob. 31BE Ch. 4 - Prob. 32BE Ch. 4 - Prob. 33BE Ch. 4 - Prob. 34BE Ch. 4 - Prob. 35BE Ch. 4 - Prob. 36BE Ch. 4 - Prob. 37BE Ch. 4 - Prob. 38BE Ch. 4 - Prob. 39E Ch. 4 - Prob. 40E Ch. 4 - Prob. 41E Ch. 4 - Prob. 42E Ch. 4 - Miller Enterprises deposits the cash received...Ch. 4 - Prob. 44E Ch. 4 - Prob. 45E Ch. 4 - Prob. 46E Ch. 4 - Prob. 47E Ch. 4 - Hawk Enterprises identified the following items on...Ch. 4 - Prob. 49E Ch. 4 - Prob. 50E Ch. 4 - Prob. 51E Ch. 4 - Prob. 52E Ch. 4 - Prob. 53E Ch. 4 - Exercise 4-54 Operating Cycle and Current...Ch. 4 - Prob. 55APSA Ch. 4 - Prob. 56APSA Ch. 4 - Prob. 57APSA Ch. 4 - Prob. 58APSA Ch. 4 - Prob. 59APSA Ch. 4 - Prob. 60APSA Ch. 4 - Prob. 61APSA Ch. 4 - Prob. 55BPSB Ch. 4 - Prob. 56BPSB Ch. 4 - Prob. 57BPSB Ch. 4 - Prob. 58BPSB Ch. 4 - Prob. 59BPSB Ch. 4 - Prob. 60BPSB Ch. 4 - Prob. 61BPSB Ch. 4 - Prob. 62.1C Ch. 4 - Prob. 62.2C Ch. 4 - Prob. 62.3C Ch. 4 - Prob. 62.4C Ch. 4 - Prob. 63.1C Ch. 4 - Prob. 63.2C Ch. 4 - Prob. 64.1C Ch. 4 - Prob. 64.2C Ch. 4 - Prob. 65C Ch. 4 - Prob. 66.1C Ch. 4 - Prob. 66.2C Ch. 4 - Prob. 67.1C Ch. 4 - Prob. 67.2C Ch. 4 - Prob. 68.1C Ch. 4 - Prob. 68.2C Ch. 4 - Prob. 68.3C Ch. 4 - Prob. 68.4C Ch. 4 - Prob. 69.1C Ch. 4 - Prob. 69.2C Ch. 4 - Prob. 69.3C Ch. 4 - Prob. 69.4C Ch. 4 - Case 4-70 CONTINUING PROBLEM: FRONT ROW...Ch. 4 - Prob. 70.2C Ch. 4 - Prob. 70.3C Ch. 4 - Prob. 70.4C

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

Why is it important to have a petty cash fund available in a company?

Recommended textbooks for you

Cornerstones of Financial Accounting
Accounting
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Cengage Learning
Auditing: A Risk Based-Approach to Conducting a Q...
Accounting
ISBN:9781305080577
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:South-Western College Pub
Auditing: A Risk Based-Approach (MindTap Course L...
Accounting
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Cengage Learning
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:Cengage Learning
College Accounting (Book Only): A Career Approach
Accounting
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:South-Western College Pub
College Accounting, Chapters 1-27
Accounting
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:Cengage Learning,