Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Cash Books (Cash Payments and Receipts Journals)
Cash books are the names given to the Cash Receipts Journal and the Cash Payments Journal. They are used to record the flow of cash into and out of the business.
The Cash Receipts Journal lists all money received by the business (into its general banking account, not its trust account for which separate journals must be kept).
Cash Receipts Journal
CR1
Date
Receipt no.
Particulars
Folio
Banked amount
Total banked
A typical Cash Receipts Journal page would look as follows:
Similarly, Cash Payments Journals list all payments made by the organisation.
A typical Cash Payments Journal page would look as follows:
Cash Payments Journal
CP1
Cheque/ EFT no.
Bank
State about the Detection risk This is the risk that auditors 'substantive procedures don't detect a material misstatement in an account balance or class of transactions. It is
Profitability Ratios Profit Margin It is a measure of the profit margin of the company. This is important to gauge the financial position of the company.
Goodshape Company has currently, an ordinary share capital of Rs. 2.5 million, consisting of 25,000 shares of Rs. 100 each. The management is planning to raise another Rs. 2 milli
Collateralized Mortgage Obligations (CMOs) CMOs retain many of the yield and credit quality advantages of pass-throughs, while eliminating some of the
An investor receives periodic interest payments at specified intervals till the date of holding or maturity. However, the holder of zero coupon
1. Each student has been allocated one Australian company. This information is available in the unit website. You should check that a company is assigned to you. 2. It is your r
Explain the pricing spill-over effect. Suppose a firm operating in a segmented capital market (such as China, for example) decides to cross-list its stock in New York or London.
A Ltd sells goods at Rs.10.P.U. Its variable cost Rs.7.P.U and fixed cost amount to Rs.1,70,000 it finances all its assets by equity funds. It pays 40% tax on its income. Z Ltd is
Sensitivity Analysis A test of an organizations performance projections based on varying the key assumptions which is used for forecast performance.
Why do analysts calculate financial ratios? The comparative measures are known as Ratios. Since the ratios show relative value, they permit financial analysts to compare inform
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!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd