What amount should be debited to Cash short or over

Assignment Help Accounting Basics
Reference no: EM132624974

Question - Brown Co. established a P3,000 petty cash fund. You found the following items in the fund:

Cash and currency P1.683.80

Expense vouchers 829.80

Advances to salesman 200.00

IOU from employee 300.00

Required - In the entry to replenish the fund, what amount should be debited to Cash short or over?

Reference no: EM132624974

Questions Cloud

Should the company choose the lease or the royalty plan : Emerald, Inc, Under the royalty plan determine the sales in kilograms that would be required to produce net operating income of $90,000.
Holistic and value-based approach to self development : How would you develop a holistic and value-based approach to self development?
Outline the main factors that would determine your reliance : Outline the main factors that would determine your reliance on the client's internal audit function ie the extent to which the internal work is adequate
Determine how much should the company be willing to pay : Pearl, Inc. produces three products. How much should the company be willing to pay for an additional hour of milling machine time?
What amount should be debited to Cash short or over : Question - Brown Co. established a P3,000 petty cash fund. In the entry to replenish the fund, what amount should be debited to Cash short or over
Why a project manager for an ex-student association : What are some of the reasons why a project manager for an ex-student Association should ask members to pay a registration fee?
Conceptual frameworks for study of health policy and law : Framework one consists of three broad topical domains-health care policy and law, bioethics, and public health policy and law.
Identify a phenomenon of us culture today : Can you please identify a phenomenon of U.S. culture today that may seem strange when viewed from an outsider's perspective.
Compute simple rate of return and internal rate of return : Compute the Simple rate of return, Net present value and Internal rate of return. Should the company purchase the machine? Why or why not?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd