Show the relationship of cashin the bank to the varioustransaction cycles.

Q: factored. What is the total cash received from the financing of receivables?

A: Loan is the amount that an individual, company, or corporation owed for financing its activities and…

Q: Briefly describe the flow of cash among receivables, cash,and marketable securities.

A: Financial assets:   The assets that are easily convertible into cash are referred to as financial…

Q: Why may there be a difference between the bank statement ending cash balance and the ending balance…

A: Timing differences: When accounting records are maintained by both bank and business, time interval…

Q: Use the following to answer questions 1 – 4 | Determine whether the firm reports each of the…

A: Lets understand the basics. Cash and cash equivalent is a item which is either cash or can be easily…

Q: Debate the logic used in the following statement: “The person responsible for handling cash receipts…

A: It may be true that the person responsible for handling cash receipts is more familiar with the…

Q: A minimum cash balance required by a bank is called a.a compensating balance b.an EFT c.cash in…

A: Minimum cash balance : Customers of bank need to maintain minimum balance on their accounts. Minimum…

Q: how to compute the unadjusted cash in bank per ledger at month-end?

A: Cash in bank refers to the amount which a person or business has deposited in the bank. It is a part…

Q: In cash flow statement, opening balances of bank balance is posted in which side of the statement…

A: Cash Flow Statement: Cash flow statement tells us the amount of Cash generated and used during the…

Q: The proper treatment of outstanding cheques Is to report them in the bank reconcillation as which of…

A: "Since you have asked multiple questions, we will solve first question for you. If you want any…

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: Determine whether the firm reports each of the following items as part of cash and cash equivalents…

A: Cash And Cash Equivalents are the current assets which can be converted into cash very easily in the…

Q: In the bank reconciliation the collection of Note Receivable is Select one: a. Deducted from Cash…

A: Accounting is the process of recording financial transactions that are material to the business. It…

Q: Cash flows from collections on credit sales are usually reported in the statement of cash flows as…

A: Credit sale means that business has sold good on credit. Collection from credit sales means that the…

Q: In order to verify the accuracy of the accounting records concerning its cash accounts a person…

A: Reconciliation statement is the statement which is used by the company in order to know and check…

Q: 1. During the reconciliation of the company’s cash account with its bank statement, what should the…

A: Answer: Bank reconciliation is the action performed to match cash balance as per books and cash…

Q: Which type of source document is best for providing evidence of disbursements of funds from petty…

A: Source documents are those documents which have the physical basis and upon which the transactions…

Q: Cash in BDO Cash in BPI Cash equivalents Other current assets

A: ABS Company's as of 31.12.2021  Petty cash fund = 29000 Petty cash book fund shows original balance…

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: Which of the following statements are true regarding the control of cash receipts and cash payments?…

A: To control cash receipts and cash payments, Over-the-counter cash sales should be recorded on a cash…

Q: What is the adjusted balance of the petty cash fund? What is the correct amount of cash and cash…

A: Petty cash fund is maintained for small petty expenses in the business. Cash and cash equivalent are…

Q: Which of the following should be considered cash equivalents? Post-dated checks Money market with…

A: Cash and cash equivalent means the amount of cash , bank or highly liquid marketable securities…

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: Explain book debits and book credits, bank debits, and bank credits. What is proof of cash and its…

A: In books, all the debits and credits are related to assets, liabilities, revenue, and expenses.…

Q: Explain how receivables can be converted to cash before maturity.

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: discuss the flow of cash through transactions cycle. In your discussions include the relevant sub…

A: Transaction Process System: Transaction process system can be defined as a system designed to…

Q: why is there generally a difference between the balance in a cash account on the company's books and…

A: The statement of Bank reconciliation is a report that matches the money balance on an organization's…

Q: Interest received by the bank on behalf of the customers is: Added to cash balance Deducted from…

A: Bank reconciliation statement: The bank reconciliation statement (BRS) is prepared to reconcile the…

Q: The difference between book cash and bank cash, representing the net effect of checks in the process…

A: Average Daily Receipts are calculated by dividing the total receipts generated in a period by the…

Q: Which of the following can be considered as an effective control of cash? A. One person handles the…

A: Option A is incorrect because Segregation of duties is an effective control of cash. Option B is…

Q: Decide, what will be the effect of the following transactions on cash of the company.

A: Cash account is an asset and a real account . Any debit to cash account is cash inflow(Plus) and…

Q: Which item is not considered cash and cash equivalents on the balance sheet? a. Unrestricted funds…

A: Cash equivalents are the near-cash items, which are readily convertible into cash. Cash equivalents…

Q: Distinguish between cash book and bank balance.

A:

Q: Which cash reconciling item could potentially affect either the bank statement or the general…

A: The bank reconciliation statement is prepared to match the balance of cash book and pass book.

Q: two (2) adjustments required to reconcile the Cash Book with the Bank Statemen

A: The bank reconciliation statement shows the reconciliation of the bank statement to the cash account…

Q: In a two-step bank reconciliation, identify the items that might be necessary to adjust the bank…

A: Bank reconciliation: Bank reconciliation is prepared by an accountant. In order to check the…

Q: ebtors, inventories and bills receivable etc. that gets converted into cash within one operating…

A: 1.Debtors:- A debtor may be defined as person or an organization who takes money from the company as…

Q: The cash balance is calculated by subtracting cash disbursements from cash receipts Select one: O…

A: True  Cash balance = cash receipts- cash disbursements

Q: Explain briefly how proof cash affect the balance in book and bank balances?

A: Bank reconciliation is the statement showing the balances of cash as per company’s books and as per…

Q: The document that explains all the differences between the company’s cash records and the bank’s…

A: Bank Reconciliation Statement: Bank statement is prepared by bank. The company maintains its own…

Q: What are the techniques that a company can use to manage cash balances?

A: Cash Management:   It is a process of collecting and managing the cash flows from operating,…

Q: Which one of the following documents is used in the control of cash receipts? a. Purchase…

A: Cash Receipts - Cash Receipts are the receipts which are the supporting document or evidence used by…

Q: Cash received electronically through an electronic funds transfers (EFT)

A: Internal control represents the reasonable assurance that the employees of the company have not been…

Q: State and explain the reasons for the difference between cash book and bank statement

A: Definition:   Bank reconciliation: Bank statement is prepared by bank. The company maintains its own…