Indicate with Yes or No whether each of items should be included in the cash balance presented on the balance sheet. If yes is selected for the Included in Cash Balance column for NSF checks, Savings account,Compensating balance,post dated checks,IOU,cash on hand,cash in sinking fund, travel advance, bank draft and prepaid debit card. Include the Classification items excluded?

Q: How would I figure out the adjusted trial balance sheet?  cash accounts receivable  equipment  etc

A: Explanation: The Ending Balances of all T-Accounts Transfer to Adjusted Trial Balance.

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

A: The cash account ledger record all the receipt on the debit side and expense paid credit side. A…

Q: REQUIRED: IDENTFY ONE ACCOUNT AND ONE ASSERTION FOR EACH CONDITION (IDENTIFY EITHER THE DEBIT OR…

A: Journal entries: It is the duty of the accountant to record business economic and non-economic…

Q: How do I prepare the journal entry to establish the petty cash fund?

A: Dear student, kindly check the answer in the explanation box below.Explanation:To prepare the…

Q: Open a ledger account for Cash in balance column format. Post general journal entries that impact…

A: The ledger account is prepared in t-format. It is also called a t-account or subsidiary ledger. It…

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: 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: Explain the financial presentation and also classification of cash and cash equivalent. (Write a…

A: •Cash and cash equivalents includes cash, assets immediately convertible into cash, bank balance and…

Q: Journal entries commonly processed as part of the purchases and cash disbursements can include:   A…

A: Purchases of the business includes goods and services purchased for the business. It can be on cash…

Q: rue or False. All payments by cheque are recorded in the cash payments journal. Any  GST/HST paid on…

A: Cash payment journal is a accounting book, which records all type of payments such as payment for…

Q: For each receipt in the cash book, postings should be made to the   . A. Credit side of the…

A: In accounting, a cash book is a type of ledger that records all cash receipts and payments,…

Q: In which voucher from the accounting documents the money entering the cash of the business A)…

A: Accounting Voucher: These are used to record all account related transactions. They are of 2 types:…

Q: Which of the following entries would be required to account for a reimbursement to the petty cash…

A: Petty cash funds are those funds which are established for small petty expenses in the business.…

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: Which of the following is recorded in the cash receipts journal?

A: Answer:   Option C

Q: Which of the following items on a cash reconcilliation would require a journal entry by the company?…

A: The bank reconciliation statement is prepared to equate the balances of the cash book and pass book…

Q: All of the following are included in the "cash and cash equivalent", except: O A. Postdated checks O…

A: Cash and cash equivalent includes items which is converted into cash within 90 days.

Q: Which of the following items should be included in the Cash? O A. O B. Postdated checks and I.O.U.'s…

A: Cash and Cash equivalents are coins ,notes bill, cash at bank and any marketable security that can…

Q: additional loan from bank should it be included in cash at hand/cash on bank

A: The company maintain certain amount of the cash for working capital management and smooth operations…

Q: A cash book is used to record

A: A cash book contains all cash receipts and payments transactions in detail, including bank deposits…

Q: A company repays its bank borrowings.  The entry to record that transaction should be Group of…

A: Borrowing means where business taken loan from outsider to be used in business and repaid later.

Q: Comment on the key guidelines that can be used to indentify whether a change in the accounts shown…

A: Cash inflows are obtained from different sources (e.g., loans, selling assets). Cash outflows are…

Q: When reporting cash on the balance sheet, companies: O A. combine cash and cash equivalents. O B.…

A: Companies make analysis of cash inflows and outflows in the cash flow statement

Q: Define restricted cash and indicate how it should bereported on the balance sheet

A: Balance sheet: Balance Sheet is one of the financial statements that summarize the assets, the…

Q: Which of the following balance sheet items are commonly associated with the purchases and cash…

A: The balance sheet is one of the financial statements of a company, that is, prepared at the end of…

Q: Question: What is the source documents for cash collection by business X. option: a) invoice…

A: The source document is a document in which evidence of financial transactions has been done between…

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: Accounting information systems have five generic parts. Outputs of the purchases and cash…

A: Accounting is the process of recording, classifying and summarising all financial information in…

Q: During October, Splish Brothers Lighting Company experiences the following activities related to its…

A: Petty cash is the amount which is kept with the cashier of the business entity to meet up the daily…

Q: A written order for a bank or other financialinstitution to pay a stated dollar amountto a specified…

A: A written order for a bank or other financialinstitution to pay a stated dollar amountto a specified…

Q: What is included in the journal entry necessary to record the collection of the cash for a…

A: The journal entries are the first step of accounting that are prepared to record the transactions in…

Q: Explain and answer the following questions below: 1. Explain the financial presentation and…

A: Cash refers to the currency and coins which is most liquid asset of the company which could possess.…

Q: Explain the effect of adjusting journal entries on cash.

A: Adjusting entries: Adjusting entries are the journal entries which are recorded at the end of the…

Q: Which is an appropriate method of preparing a common-size cash fl ow statement? B . Show each line…

A: Cash flow statement is a statement that shows all the cash inflows and outflows in the company under…

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.