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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
You are a Senior Financial Manager in the recently privatised Sodor Railway Engineering Corporation Plc (SREC). (a) Subsequent to privatisation the Chief Executive Officer of SR
what is the implication of applying accounting concept wrongly
Determine the LIFO cost Toys "R" Us purchases inventory in crates of merchandise; each unit of inventory is a crate of toys. The fiscal year of Toys "R" Us ends each January 31
Illustration: Dinesh Limited is looking selective control for its inventories. By using the subsequent datas, prepare the ABC plan. Items A B
Distribution to a beneficiary Before distribution to a beneficiary, the investments will be re-valued and the profits or losses divided between the beneficiaries as follows:-
LIMITATIONS O F FINANCIAL ACCOUNTING 1. Simply transactions which can be calculated in terms of money can be recorded in the books of accounts. Actions, though important t
AskA of Surat consign goods to B of Jaipur to be sold at or above invoice price. B is entiled to get a commission of 8% on sales at invoice price plus 25% of any surplus price real
Can anyone here help me in this question ?? Kindly tell how can we solve it Mr. “A” starts a new business. Before to start the business operation, he has purchased vehicle Rs. 1,
UNREALIZED PROFIT ON CLOSING INVENTORY Where one company has bought goods from another company in the group and part of these goods are included in the closing inventory, then t
talpat se aap kya samjhte hai
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