Actual cash received from cash sales

Assignment Help Accounting Basics
Reference no: EM13121884

The actual cash received from cash sales was $11,279, and the amount indicated by the cash register total was $11,256.

a. what is the amount deposited in the bank for the day's sales?

b. what is the amount recorded for the days sales?

c. how should the difference be recorded?

d. If a cashier is consistently over or short what action should be taken.

Reference no: EM13121884

Questions Cloud

How much should you win if a number not divisible : Important information about Probabilty, A single die is rolled once. You lose $12 if a number divisible by 3 turns up. How much should you win if a number not divisible by 3 turns up for the game to be fair?
Compare the vital capacity for the two groups : Compare the vital capacityfor the two groups.calculate a 99% confidence interval for the difference.the result of this comparison may be misleading.why?
Acme corporation acquires fisher corporations assets : After the reorganization, Barbara owns 25% of Acme's stock. Barbara has an adjusted basis of $400,000 in her Fisher stock. Barbara's basis for her Acme securities is?
Divisibility properties of various products of integers : Prove that if x + y is even, then the product xy(x + y)(x - y) is divisible by 24, and that without this restriction, 4xy(x- y)(x + y) is divisible by 24.
Actual cash received from cash sales : The actual cash received from cash sales was $11,279, and the amount indicated by the cash register total was $11,256.
Find mean and median for best measure of central tendency : Would the mean, median, or mode of the prices of recent home sales be the best measure of central tendency and why?
How do setup a guessing problem : Complement of Events, Guessing. How do I setup a Guessing problem?, Six popular brands of cola are to be used in a blind taste study for consumer recognition.
Explanation to irreducible polynomials : Determine the number of monic irreducible polynomials of degree 4 in F_q without using the Moebius Inversion Formula.
Calculate the budgeted merchandise purchases : Sound Check, a merchandising company specializing in home computer or speakers, budgets its monthly cost of goods sold to equal 70% of sales. Calculate the budgeted merchandise purchases.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd