Which Of The Following Should Not Be Considered Cash By An Accountant?

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Sign up to view the full answer. Borrowed 50000 on March 1 of the current year by signing a 60-day 9 interest-bearing note.

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Asset with a debit balance.

Which of the following should not be considered cash by an accountant?. Which of the following should not be considered cash by an accountant. Seperation of the purchasing department and accounting department personnel. 2Which of the following should NOT be considered cash by an accountant.

A Accountant treat cash form assets Which are having fast liquidity ability. The cash account in the depositors ledger is an. The postage stamp is not considered in cash account by an accountant because they are classified as prepaid expenses.

Which of the following should not be considered cash by an accountant. Assuming a 360-day year when the note is paid on April 30 the entry to record the payment should include a debit to Interest Payable for 750 debit to Interest Expense for 750 credit to Cash for 50000 credit to Cash for 54500. Which of the following should not be considered cash by an accountant.

Which of the following should not be considered cash by an accountant. A postage stamp is a paper issued by the post office to the customer. Which of the following accounts should be closed to Income Summary at the end of the fiscal year.

Which of the following should NOT be considered cash by an accountant. Certificates of deposits b. An audit firm should not assume custody of clients monies unless permitted by law.

I Following matters should be considered. Postage stamps cant consider as cash because it cannot be convert in to cash. Which of the following should not be considered cash by an accountant.

Bank check account are also come under cash account as all bank transactions affect cash balance and travelers checks are expense for company which is deducted from cash balance. What does increasing marginal opportunity costs mean. Which of the following should not be considered cash by an accountant.

An employee compares cash received in the mail with the accompanying remittance advice. Debit to Merchandise Inventory for 100. At the end of a shift the.

3The debit balance in Cash Short and Over. Certificates of deposit d. How To Be The Best Accountant If you want to be the best at something you have to realize theres an entire web of possibilities in.

Eliminating auditor reporting on a companys internal controls. Certificates of deposit cash includes coins currency paper money checks and money orders. Which of the following should not be considered cash by an accountant.

Debit to Cash for 5000 b. 0 0 Answers. In money orders the money is received or paid by the company so it can affect cash balance.

The petty cash fund should be. Deciding on the use of the profit shown on the balance sheet and the payment of dividend The Board of Directors proposes that Innofactor Plc should not pay paid monthly in cash and the other. The term cash includes money in hand account balance customers checks petty cash and marketable security.

Get the detailed answer. Which of the following should not be considered cash by an accountant. Which of the following should not be considered cash by an accountant.

Therefore postage stamp should not be considered cash by an accountant. Option C Postage Stamps. Which of the following should not be considered cash by an accountant.

An example of a preventive control is. Certificates of deposit d. Which of the following is not a requirement or result of the Sarbanes-Oxley Act of 2002.

Be ready to ready to account for such monies and use such monies for the purpose for which the money has been received. Certificates of deposit d. Which of the following is not an internal control activity for cash.

Which of the following should not be considered cash by an accountant. Safeguards include keeping clients monies separately from firms cash. Postage stamps arent cash.

It is just a median of exchange and does not directly connote to a cash to an accountant until exchanged as a currency at the bank C – Postage Stamps the answer is C.

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