GEN COMBO COLLEGE ACCOUNTING; CONNECT ACCESS CARD
GEN COMBO COLLEGE ACCOUNTING; CONNECT ACCESS CARD
4th Edition
ISBN: 9781260087376
Author: M. David Haddock Jr. Professor
Publisher: McGraw-Hill Education
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Chapter 9, Problem 8MF
To determine

Explain the practice of making payments through check.

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Why does the bank treat an account balance as a Credit when there is money in the account, while in the general ledger cash records of the business, the balance would show as a Debit?
Why should the person in charge of cash receipts not also be in charge of keeping accounts receivable records? Explain.
Petty Cash Fund Question, When it comes to making payments from the petty cash fund, why isn't there an accounting/journal entry for it? Please Explain.

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GEN COMBO COLLEGE ACCOUNTING; CONNECT ACCESS CARD

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