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

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: What is the normal balance of cash? Group of answer choices This is an ambiguous question debit…

A: Cash is a legal tender that can be used easily to buy something. It is the most liquid asset in the…

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: What classification does the allowance for uncollectible accounts come under on a balance sheet?…

A: The allowance for uncollectible accounts come under on a balance sheet will be explained:

Q: preparing a balance sheet, interest receivable goes under what heading?

A: Balance sheet:It is one of financial statement which shows the assets, liabilities and shareholders’…

Q: Classify the following cash flows as either operating (O), investing (I), or financing (F)…

A: Cash flow from operating activities refers to activities done by the company in their normal course…

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: a. Show the journal entry to record the uncollectible accounts. b. How much will the balance sheet…

A: a) Journal Entry

Q: Identify the asset from the following? A. Cash and Cash equivalents B. Creditors

A: Something that will or already has economic worth to a business is referred to as an asset. All…

Q: Monetary assets include cash, accounts receivable and inventory. O accounts receivable and property,…

A: A monetary assets are those assets  which  can easily  converted  into Fixed or determinable units…

Q: What is the accounts receivable turnover, and what typeof information does it provide?

A: Ratio analysis, horizontal analysis and vertical analysis are the analytical tools used by the…

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: 1. What is a compensating balance?

A: Hi student Since there are multiple questions, we will answer only first question.

Q: Cash and cash equivalents are considered as current assets with notes to financial statement for…

A: The cash and cash equivalents are the current assets for the business.

Q: What is an account receivable? O a. Sales O b. Asset O c. Income O d. Creditors

A: Following is the answer to the given question

Q: Define financial assets, trade and other receivables and financial liabilities Thanks tutor

A: Financial assets and trade and other receivables are different types of assets that are part of…

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…

Q: (a) How are cash equivalents reported in the financial statements? (b) What are some examples of…

A:

Q: Site an examples of cash equivalent and discuss each how it became cash equivalents.

A: Cash Equivalents: Cash equivalents are investment assets or securities with a high credit quality…

Q: Distinguish between the gross and net methods of accounting for cash discounts.

A: Cash discount: A cash discount is a reduction in the amount that is to be paid by the credit…

Q: Explain the possible restrictions on cash and their implications for classification in the balance…

A: Restricted Cash Restricted cash is define as the cash is not freely available for the company to…

Q: The realizable amount of notes receivable is considered. a. Income b. all of the above c. Noncurrent…

A: A note receivable is also known as a promissory note. In other words Notes receivable are a balance…

Q: How to determine the adjusted balance of Accounts Receivable by usind the analysis of receivables…

A: Accounts receivable: Accounts receivable refers to the amounts to be received within a short period…

Q: analyze and interpret both reported and common-size cash fl ow statements;

A: Cash flow statement is used in determining company’s future cash flow forecasts. Reported cash flow…

Q: Define cash balance plan

A: Introduction: A cash-balance plan is a pension plan in which an employee's final returns are stated…

Q: How do I determine accounts receivable from an income statement or balance sheet?

A: The balance sheet represents the financial position of the company whereas, the income statement…

Q: Can you give some explanation of why Amortization Expense is included as a source of cash in a cash…

A: In indirect  method  of cash flow statement  we add back amortization expense  to net income  in…

Q: What is the Relevant cash-now information?

A: Relevant cash- flow refer to after-tax gradual cash-flow anticipated from a proposed procurement or…

Q: what is the entry for collection of receivable * O debit cash, credit accounts payable O debit cash,…

A: Account’s receivables can be defined as the payment which is yet to be received by the business in…

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

A: Financing activities: Financing activities refer to the activities carried out by a company to…

Q: Which of the following are the instruments of money market? Select one: a. All of the above b. None…

A: Following are the instruments of money market

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.