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1 The entry establishing a $175 petty cash fund would include a:a) debit to cash for $175b) credit to Petty cash for $175c) debit to petty cash for $175d) debit to miscellaneous expense for $175
2 Riley's Limousines' entry to establish a $75 petty cash fund for the office would include a:a) debit to cash for $75b) credit to petty cash for $75c) credit to cash for $75d) debit to office expense for $75
3. Samanth's tutoring service's $200 petty cash fund has a shortage of $4. The facts are: 80 in valid receipts for expenses; $116 in coins and currency. The journal entry to replenish the petty cash fund wouldi nclude a:a) credit to cash for $80b) credit to petty cash for $84c) credit to cash short/over for $4d) debit to cash short/over for $4.
4. a petty cash fun which was established at $50. contains an actual cash count of $20 and valid receipts for $40. The entry to replenish the fund would include a:a) credit to cash for $30b) credit to cahs for $40c) credit to petty cash for $30d) debit to petty cash for $40
5) the bank statement included bank charges. On the bank reconciliation, the item is:a) an addition to the balance per company bookb) an addition to the balance per bank statementc) a deduction from the balance per bank statementd) a deduction from the balance per company books
like Amazon.com face with respect to safeguarding its assets? What types of controls do you think it already has in place to minimize these risks?
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Q. What are the financial statements? Significant Accounts - An account is significant if there is more than a remote likelihood that account could include misstatements which
At current the working capital cycle is Receivables days $0.4m/$10m * 365 = 15 days Inventory days $0.7m/$8m * 365 = 32 days (cost of sales = $10m - $2m) Payables days $1.
security service= R38570 the annual security services contract has been taken out on 1 March 2012. The fee was increased by 10% from january 2013 and the fee has already been paid
how to treat salary compensation given to an employee how to show this in company account
Division of the trust The safeguards consist in the division of the trust funds into portions. Before this division takes place, the investments are revalued in order to deter
What would be the effect on the balance sheet if adjustments (a) and (f) were omitted at the end of the year?k question #Minimum 100 words accepted#
Temporary or Timing differences Temporary/timing differences relate to those items that are adjusted in the current period and are again adjusted in subsequent financial period
Question: You are a member of a large accounting firm which is responsible for preparing financial reports, including statements and notes to the accounts; and for advising sta
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