Petty cash reconciliation is the most common way of confirming exchanges including petty cash reserves. Its purpose is to guarantee that assets... View Article
Petty cash reserve ought to be little enough so it doesn't superfluously tie-up organization resources or become an objective for burglary, yet... View Article
A petty cash book is a part of an accounting book utilized for recording costs that are of little worth and small in nature, for instance,... View Article
A petty cash account is a current asset. At the point when petty cash is utilised for costs of doing business, the suitable business ledger, for... View Article
Petty cash is a current asset and ought to be recorded as a debit on the organisation's asset report. To begin with a petty cash account, the... View Article
The petty cash transactions are entered into the journal on the debit side and credited to the respective cash account. The petty cashier... View Article
(A) Individuals (B) Government (C) Public limited companies (D) All of the above Answer: (D) All of the above Explanation: Public limited... View Article
(A) Purchase of non-current assets. (B) Payment to creditors. (C) Cash deposited into a bank. (D) Payment of postage and telegrams. Answer:... View Article
(A) An asset (B) A liability (C) An expense (D) An income Answer: (A) An asset Explanation: The balance of a petty cash book is an asset as... View Article
(A) No entries were made at all in the general ledger for items paid by petty cash. (B) The same number of entries in the general ledger. (C)... View Article
(A) Are bought to be used in the business. (B) Are expensive items bought for the business. (C) Are items that will not wear out quickly. (D)... View Article
(A) represents the borrowing of the government. (B) is the difference between total expenditure and total receipts of the government. (C) is... View Article
According to a bookkeeping point of view, fixed assets and stock both address property that an organization possesses. Together they structure... View Article
Having to face a fiscal deficit means the total expenditure has crossed the line of total revenues by the government. Although in this deficit if... View Article
Zero primary deficit implies that the public authority needs to fall back on borrowings just to meet interest responsibilities on prior credits.... View Article
At the point when the revenue receipts are not exactly the same as or below the revenue expenditure in the public authority financial plan, this... View Article
A fiscal deficit can help a sluggish or lazy economy. Cash spent on the formation of useful resources sets out ventures and opens doors for... View Article
The fiscal deficit can emerge either because of income costs overshooting revenues or expansion in capital consumption. The public authority... View Article
