The credit transaction balance in Cash Short and also Over in ~ the finish of one accounting duration is report as: A. An cost on the income statement B. Earnings on the earnings statement C. An asset on the balance sheet D. A liability on the balance sheet


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The amount of cash come be report on the balance sheet at December 31 is the: A. Total of the cash shaft in the cash receipts journal as that December 31 B. Adjusted balance appearing in the bank reconciliation for December 31 C. Total of the cash tower in the cash payments journal as the December 31 D. Balance together of December 31 top top the bank statement
A examine drawn by a depositors in payment that a voucher for $725 was recorded in the journal as $257. This item would be included in the bank reconciliation together a(n): A. Deduction native the balance follow to agency B. Enhancement to the balance follow to bank C. Deduction indigenous the balance follow to financial institution D. Addition to the balance follow to company
Following the perfect of the bank reconciliation, one adjusting entry was made that debited cash and credited interest Revenue. As such the financial institution reconciliation must have actually included an item that was: A. Deducted from the balance follow to firm B. Deducted indigenous the balance according to financial institution C. Included to the balance according to financial institution D. Added to the balance follow to company
The lot of the outstanding checks is included on the bank reconciliation as a(n): A. Deduction native the balance follow to agency B. Addition to the balance according to financial institution C. Deduction from the balance according to bank D. Addition to the balance follow to company
A check drawn through a depositor for $180 in payment of a legal responsibility was tape-recorded in the newspaper as $810. What entry is required in the depositor"s accounts? A. Debit accounts Payable; credit transaction Cash B. Debit Cash; credit transaction Accounts union C. Debit Cash; credit Accounts Payable D. Debit account Receivable; credit transaction Cash
A inspect drawn through a defense in payment the a voucher because that $725 was taped in the newspaper as $257. What entrance is required in the depositor"s accounts? A. Debit account Payable; credit transaction Cash B. Debit Cash; credit transaction Accounts receivable C. Debit Cash; credit Accounts Payable D. Debit account Receivable; credit Cash
Which that the complying with should no be taken into consideration cash by an accountant? A. Money assignment B. Bank checking account C. Postage stamps D. Travelers" checks
A $100 small cash fund contains $92 in small cash receipts, and $6.50 in currency and coins. The journal entry to document the replenishment the the fund would incorporate a: A. Credit to petty Cash for $93.50 B. Credit to Cash for $92 C. Debit come Cash Over and Short for $1.50 D. Credit transaction to Cash Over and also Short for $1.50
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Horngren"s gaue won & Managerial Accounting6th EditionBrenda together Mattison, Ella Mae Matsumura, Tracie Miller-Nobles
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