The cash receipt for each month as follows:Month 14,000Month 26,000Month 35,000Month 47,000Total sales22,000Purchases2$Month 16,000Month 26,000Month 34,000Month 45,000Total Purchases21,000The company has beginning cash for the of month 2 dollar 5967.the company has minimum cash Dollar 4696.What is amount of fun for the of 3?Answer:

Cash Budget The importance of cash budget to determine the requirement of total cash receipts and…

Answered: The company has beginning cash for the…

The company has beginning cash for the of month 2 dollar 5967. the company has minimum cash Dollar 4696. What is amount of fun for the of 3?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

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.

Question

The cash receipt for each month as follows:
Month 1
4,000
Month 2
6,000
Month 3
5,000
Month 4
7,000
Total sales
22,000
Purchases
2$
Month 1
6,000
Month 2
6,000
Month 3
4,000
Month 4
5,000
Total Purchases
21,000
The company has beginning cash for the of month 2 dollar 5967.
the company has minimum cash Dollar 4696.
What is amount of fun for the of 3?
Answer:

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Accounting for Cash and cash equivalents

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