Effective cash management control is very important for business day to day transaction, because in the normal days company purchase the raw material, salary payment, factory rent payment like other normal transaction. Company need cash on the daily basic. To choose: What is not included in Effective cash management and control.

Question

Effective cash management and control includes all of the following excepta. the use of a petty cash fund.b. bank reconciliations.c. purchase of stocks and bonds.d. short-term investments of excess cash.

Answer 1

Question

Definition Definition Financial journal in which only cash-related transactions are recorded. Cash transactions are posted chronologically in the cash book, which is also called a subsidiary book. All the cash receipts are recorded on the debit side and all the cash payments are recorded on the credit side. An important point to remember is that the cash book never shows a credit balance; only a debit balance is shown in the cash book.

Chapter 4, Problem 13MCQ

To determine

Introduction:Effective cash management control is very important for business day to day transaction, because in the normal days company purchase the raw material, salary payment, factory rent payment like other normal transaction. Company need cash on the daily basic.

To choose:What is not included in Effective cash management and control.

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Effective cash management and control includes all of the following excepta. the use of a petty cash fund.b. bank reconciliations.c. purchase of stocks and bonds.d. short-term investments of excess cash.

Effective cash management and control includes all of the following except: a.purchase of shares and bonds. b.the use of a petty cash fund. c.short-term investment of excess cash. d.bank reconciliations.

1. Cash control systems are the methods and procedures used to ensure -- a. That current obligations are met b. That excess cash does not exists c. The safeguarding of cash d. That unused cash is invested 2. Bank reconciliation - a. Is the process of transferring money in or out of a bank account b. Requires that every transaction which will result in a cash payment be verified, approved and recorded before a bank check is prepared. c. Is an analysis that reflects the bank transactions made by the depositor d. Explains the difference between the bank balance and the balance shown in the depositor’s records 3. The journal entries for bank reconciliation - a. are taken from the balance per bank only b. may include a debit to office expense for bank service charges c. may include a credit to accounts receivable for an NSF check d. may include a debit to accounts…

Answer 2

Question

Definition Definition Financial journal in which only cash-related transactions are recorded. Cash transactions are posted chronologically in the cash book, which is also called a subsidiary book. All the cash receipts are recorded on the debit side and all the cash payments are recorded on the credit side. An important point to remember is that the cash book never shows a credit balance; only a debit balance is shown in the cash book.

Chapter 4, Problem 13MCQ

To determine

Introduction:Effective cash management control is very important for business day to day transaction, because in the normal days company purchase the raw material, salary payment, factory rent payment like other normal transaction. Company need cash on the daily basic.

To choose:What is not included in Effective cash management and control.

Expert Solution & Answer

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See solution

Check out sample textbook solution

Answer 3

Question

Definition Definition Financial journal in which only cash-related transactions are recorded. Cash transactions are posted chronologically in the cash book, which is also called a subsidiary book. All the cash receipts are recorded on the debit side and all the cash payments are recorded on the credit side. An important point to remember is that the cash book never shows a credit balance; only a debit balance is shown in the cash book.

Chapter 4, Problem 13MCQ

To determine

Introduction:Effective cash management control is very important for business day to day transaction, because in the normal days company purchase the raw material, salary payment, factory rent payment like other normal transaction. Company need cash on the daily basic.

To choose:What is not included in Effective cash management and control.

Expert Solution & Answer

Trending nowThis is a popular solution!

See solution

Check out sample textbook solution

Answer 4

Question

Definition Definition Financial journal in which only cash-related transactions are recorded. Cash transactions are posted chronologically in the cash book, which is also called a subsidiary book. All the cash receipts are recorded on the debit side and all the cash payments are recorded on the credit side. An important point to remember is that the cash book never shows a credit balance; only a debit balance is shown in the cash book.

Chapter 4, Problem 13MCQ

To determine