The time between when a payee sends payment and the funds are credited to the payee's bank account is called the: collection float disbursement float total float transmittal float

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: 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: Explain the impact of the collection of these receivables on the Financial Statements.

A: Introduction:- Financial statement gives clear picture of financial position of the company.…

Q: Summarize the sources and uses of funds according to the changes in account activities?

A: The fund flow statement reveals the volume of financial transactions and explains the flow of funds…

Q: Which of the following are the instruments of money market? Select one a Certificate of deposits…

A: Money market fundamentally alludes to a part of the monetary market where monetary instruments with…

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: The process of payment of cash for expenditures is known as: O a. Disbursement O b. Expenditures O…

A: An expenditure is amounts used by a business, organization, or corporation to acquire new assets,…

Q: The measurement of money is related to:

A: The money is measured in quantitative terms only. The qualitative term would not be recorded. The…

Q: Describe what is meant by a cutoff bank statement and state itspurpose.

A: Cutoff Bank Statement: A complete bank statement that includes list of all paid checks and deposit…

Q: Briefly explain the difference between cash accounting and accrual accounting. State two examples…

A: Cash Accounting: A form of accounting in which receipts are reported during the period in which they…

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 how the statement of cash flows is linked to each of the other financial statements (income…

A: The financial statements are issued by a company for its external users so that the investors can…

Q: Write the summary of sources and uses of funds according to changes in the account?

A:

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: How to calculate the notes payable

A: Notes payable are long-term liabilities that indicate the money a company owes its financiers—banks…

Q: Define accrual and cash basis accounting. Can you provide any examples?

A: Accrual Accounting is a kind of accounting that involves the accumulation of funds : Accrual…

Q: Funds are transferred in ____________ when one party purchases financial assets previously held by…

A: A financial asset seems to be a liquid asset whose value is derived from a legal right or title…

Q: difference between accrual and cash basis accounting

A: Accounting principle represents the rules and regulations for the company to be followed.

Q: Explain the term Transfers of Notes Receivable.

A: Note receivable: Note receivable refers to a written promise for the amounts to be received within a…

Q: Define Debit

A: Accounting depends on double entry system. As per dual aspect principle of accounting, each and…

Q: Distinguish between cash basis and accrual basis of account.

A: Accounting: Accounting is an art of recording, classifying, analyzing and summarizing the financial…

Q: Display graphically the mechanism of settlements by transfers upon request of a payee (direct…

A: Direct Debit is a payment method in which a third party is granted permission to take payments from…

Q: Name the assumption requires that financial statement elements be measured in nominal units of…

A:

Q: Why are payments received from customers in advance, for either services to be performed and/or for…

A: Advance payment received from the customer there are two reasons which are mentioned are as follows:…

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

A: Statement of cash flows: This statement reports all the cash transactions which are responsible for…

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