How is the account Cash classified and what kind of balance should it have?

Q: Cash is Appear in Which Side of Balance Sheet?

A: The balance sheet is one of the financial statements of the business. The balance sheet represents…

Q: w are statement of cash flows used to evaluate a loan request for a prospective borro

A: While giving the loan the lender there is need of cash flow statement is required specially when…

Q: Discuss the conversion from cash to accrual basis of an increase in accounts or notes receivable

A: In cash basis accounting the transactions are recorded when the cash related to them is issued or…

Q: cash on hand is it Asset, Liabilities, Owner’s Equity, Revenue or Expense?

A: Assets are the rights and resources held by the business. Liabilities are the obligations or dues of…

Q: Differentiate cash from accrual method of reporting income and expenses.

A: The basic difference between accrual and cash basis accounting is about timing for recognizing…

Q: What accounts on the balance sheet must be evaluated when completing the investing activities…

A:

Q: Define cash and cash equivalents and explain how to report them.

A: Cash and cash equivalents are the current assets of a company which are available as cash or readily…

Q: What is the purpose of the statement of cash flows?

A: The internal cash flows the business encounters is not accounted for in the income statement or the…

Q: What are the considerations for recording and recognizing cash discounts received?

A: Cash discounts, also known as sales discounts or prompt payment discounts, are reductions in the…

Q: Exercise 1-2 The following items are included in the Cash general ledger account of SANTAN COMPANY…

A: Cash is a part of current assets, It is the most liquid form of assets. In the books of accounts to…

Q: What are the major sources of cash (inflows) in a statement of cash flows? What are the major uses…

A:

Q: How calculate accumulated cash flow, discounted cash flow and Accumulated discounted cash flow?

A: For calculating the accumulated cash flows we have to start from year 1 till the year when pay- back…

Q: Demonstrate the link between cash reported in the balance sheet and cash reported in the statement…

A: The cash flow statement is primarily linked to the balance sheet as it shows the impact of the…

Q: What are the sections of the cash flow statement? Why is it divided this way?

A: We look at the financial statements of a company to analyze its financial position and health.…

Q: What is the nature of the account Fund balance with Treasury? When is that account debited, and when…

A: Nature of accounts helps management to record the financial transactions as per double entry system…

Q: compare cash fl ows from operating, investing, and fi nancing activities and classify cash fl…

A: The cash flow statement a statement which provides information of a company’s cash receipts and…

Q: What is the difference between the sources (in nows) and uses (out nows) of cash?

A: The question is based on the concept of cash flow statement and cash flow analysis for a particular…

Q: How do I calculate cash provided by operations?

A: Cash provided by the operations = Cash flow from operations = EBIT x (1 - Tax rate, T) + Non cash…

Q: Discuss the recognition, measurement and disclosures for 'cash' as per accounting standards

A: Cash is considered as the most liquid asset or quick asset for the business in the balance sheet…

Q: Please give me an information about : cash reciepts, capital investments, loans, interest payment,…

A: Every feild had its own terminology. Same is with Accounting. Accounting has its own terminology,…

Q: describe the steps in the preparation of direct and indirect cash fl ow statements, includinghow…

A: Statement of cash flow is a financial statement that shows how changes in balance sheet accounts and…

Q: how is liquidity determines in cash collection period

A: Liquidity refers to the ability of a company to meet its short-term obligations with cash or cash…

Q: cash and accrual accounting based o

A: The FIVE difference between cash and accrual accounting are as follows:   1. recognition of revenue:…

Q: the income statement distinguish between cash outflows and cash inflows. Please provide two examples…

A: Cash outflows mean any money going out from the business via expenditure incurred. Cash inflows mean…

Q: Which of the following shows how recognizing uncollectible accounts expense under the direct…

A: Here is a detailed explanation of the correct choice: Direct Write-Off MethodThe direct write-off…

Q: Explain the differences between cash and accrual accounting.

A: Account: A record, that documents or records the change in assets, liabilities, or equity for a…

Q: owing? Select one: a. Income and cash flow

A: The  right answer is option b. Cash balances and cash flows.

Q: How to treat interest expense when preparing a Statement of Cash flows? Interest paid is reported…

A: Operating activity under cash flow statement represent the amount of cash inflows and outflows from…

Q: How to determine cash portion of retained earnings

A: Retained earnings are that part of profit which is reinvested in the business. It is the amount left…

Q: Indentify some of key cash inflows and cash outflows?

A: Cash flows of the firm is the movement of cash to and from business. It includes all the inflows of…

Cash Book

So, before coming to the topic of cash books, I will let you briefly explain about the cash so that you all can be familiar with the word cash. Cash comes under the category of the current asset which is used as a medium of exchange for all the financial transactions in the firm. Cash is something that is universally accepted as a mode of payment. So, now comes to the topic i.e., cash book.