Which of the following is true of EFT? It is easy to document purchase and sale transactions. It means Effective Funds Transfer. It cost more than receiving cash payments through the mail. It can process certain cash transactions at less cost than by using the mail.

Q: With respect to disbursements, a company can manage their cash more efficiently by __________.

A: b.) using lockbox banking

Q: The disbursement cycle primarily focuses on the control of cash payments and does not involve other…

A: EFT stands for Electronic Funds Transfer. It refers to the electronic movement of money from one…

Q: 1. Explain why the system of internal control is important for a company

A: We shall answer the first question since the exact question wasn't specified. Please submit an ew…

Q: Your presentation should also identify two areas of weakness in the handing cash. In one point…

A: generally, areas of weakness related to cash management is -   - cash transaction sometimes…

Q: Explain different methods for cash transactions, and the costs associated with each.How these costs…

A: Cash transaction is referred as the transaction, which used to involve an immediate an outflow of…

Q: similar vein you could study how cash restrictions affect practices of individual bank customers.…

A: when talking about restrictions imposed by they bank on the customers they are various difficulty…

Q: Recognize the link between money and credit? Explain

A: Money is defined as the financial medium used to facilitate transactions between parties. Money…

Q: How can a manual purchases cash disbursements system be reengineered to reduce discrepancies, be…

A: Manual purchase and cash disbursement system is a system in which manually on paper purchase orders…

Q: A voucher system is an example of an internal control procedure over cash payments. True False

A: Voucher: It is a document that states the evidence of a business transaction.

Q: Which one of the items below is not a reason why cash does not equal profit?   Cash Sales…

A: Cash is not equal to profit there are many possible reasons there may be.

Q: Liquidity means naving access to ready cash, including savings and credit, tO COV nexpected…

A: Liquidity refers to the availability of ready cash or equivalents with the firm which can be used to…

Q: What is the key advantage of using electronic payments instead of currency or checks?   A. Lower…

A: Opportunity costs refers to the benefits that are foregone when a firm implements any project.

Q: Using an example, compare and contrast physical delivery and cash settlement?

A: The two most prevalent stock derivatives traded on a stock market are futures and options. These are…

Q: What are two methods of recording accounts receivable transactions when a cash discount situation is…

A: The two methods of recording accounts receivables transactions considering a cash discount are:Gross…

Q: whats a pros and cons of using an email transfer money?

A: An email transfer money allows customers to transfer funds between personal accounts, using online…

Q: Explain the meaning of imprest system of pretty cash book.

A: Petty cash book: It is a book that is maintained for recording the small expenses that are incurred…

Q: Other Information: Sydney rented all of her equipment and furnishings in 2020 but has decided to…

A: What is meant by expected Cash collection from customers? When a company sells goods on credit at…

Q: Distinguish between the roles played by investment banks andfinancial intermediaries in exchanging…

A: The question is based on the concept of role of financial intermediaries and investment banks in…

Q: able. b. What steps should be taken by a business to reduce/eliminate excessive inventory? Explain…

A: A cash on delivery (COD) transaction occurs when the recipient pays for an item in cash rather than…

Q: Jose owes Pedro the sum of P 10,000 due on Dec.31,1978, and P 6,000. Due Dec.31,1980. However, with…

A: The formula to calculate amount when compounding interest is charged is  Amount = Principal ( 1 + r…

Q: Which of the following is an electronic funds transfer system (EFTS) service?   Group of answer…

A: EFTS refers to a transfer system wherein money transfers from one bank account to other without…

Q: What internal control functions are performed by a cashregister and point-of-sale system? How are…

A:

Q: Why should cash revenues and credit client sales be quickly recorded and reported?

A: Introduction: Accounting is primarily concerned with identifying, recording, measuring, and…

Q: remittance

A: CONSIGNMENT  conisgnment  is an arrangement where goods are sent to a third party for to sell the…

Q: Explain different methods for cash transactions and the costs associated with each. How these costs…

A: Cash-basis of accounting- When transactions are made in cash, the cash basis of accounting is used…

Q: Explain the primary goal of maintaining a cash book. Use a case study company of your own choice to…

A: The answer is stated below:             Note: Answering the first question as there are multiple…

Q: What are the step(s) when using the Sales with Payment customer workflow?   A. Create sales…

A: Please find the answer to the above question below:

Q: Explain in detail with examples of different methods for cash transactions, and the costs associated…

A: Accounting on a cash basis: When transactions are done in cash, the cash basis of accounting is…