What is internal control - control of cash, Accounting Basics

Assignment Help:

What is Internal control - Control of cash

Internal control refers to procedures and methods a business uses to protect its assets.

Checks are written for all transactions except for petty cash. There must only be a small amount of actual cash available-petty cash.

Related Discussions:- What is internal control - control of cash

State the classified balance sheet, State the classified balance sheet ...

State the classified balance sheet ASSETS Current Assets are cash and any other assets which are expected to be realized in cash, sold, used up or expire within one year.

Ledger, basic problems about ledger

basic problems about ledger

What do you understand by term offshore bank, Question 1: (a) What do ...

Question 1: (a) What do you understand by term offshore bank? (b) What are the benefits of providing and receiving banking services from an offshore bank? (c) Explain

Balance Sheet Classifications and Relationships, Balance Sheet Classi?catio...

Balance Sheet Classi?cations and Relationships Shelley and Co. has the following balance sheet elements as of December 31, 2012. Land. . . . . . . . . . . . . . . . . . . . . . . $

Cross-indexing, How do you do cross-indexing?

How do you do cross-indexing?

Jenny is 35 years of age, .What method of tax accounting used, Taxatio

.What method of tax accounting used, Taxation

Please use the following information to answer questions, Please use the fo...

Please use the following information to answer questions 4-5: Cash $10,000 Accounts Payable $7,000 Accounts Receivable $6,400 Mortgage Payable $65,000 Supplies $1,500 Long-

Explain about accounting applications, Q. Explain about accounting applicat...

Q. Explain about accounting applications? Early on accounting applications were in accounts receivable, payroll, accounts payable, and inventory. Within some years programs exi

What is fbt? explain , The tax payable on a non-salary benefit given to an ...

The tax payable on a non-salary benefit given to an employee or an associate of the employee. The employer is liable to pay any FBT and may decide to recover the FBT amount from th

Management, Management: Organizations may not or may exist for the sole re...

Management: Organizations may not or may exist for the sole reason of profit. Though, information requires of the managers of both types of organizations are approximately the sam

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages