Describe about cash role in balance sheet, Accounting Basics

Assignment Help:

Q. Describe about Cash role in balance sheet?

Cash includes deposits in banks obtainable for current operations at the balance sheet date plus cash on hand consisting of un-deposited checks, drafts, currency and money orders. Cash is the primary current asset to appear on a balance sheet. The term cash usually includes cash equivalents.

Related Discussions:- Describe about cash role in balance sheet

Briefly explain the functions of accounting, Question 1 Briefly explain th...

Question 1 Briefly explain the functions of accounting Question 2 Explain the three branches of accounting Question 3 What is single entry system? What are the advantages and

How is a po (purchase order created), A document or shape used by a custome...

A document or shape used by a customer to issue an order for goods or services. I need notes on 1.Procure to pay cycle with accounting entries 2.give to cash

General Journal, Received and paid the telephone bill for $231 including GS...

Received and paid the telephone bill for $231 including GST

Explain about depreciation expense, Q. Explain about Depreciation expense? ...

Q. Explain about Depreciation expense? Depreciation expense is the sum of asset cost assigned as an expense to a particular period. The method of recording depreciation expense

The use of ledger accounts, The use of ledger accounts A journal entry ...

The use of ledger accounts A journal entry is similar to a set of instructions. The execution of these instructions is known as posting. Since stated earlier posting is recordi

Components of profit and loss account, Components of Profit and Loss Accoun...

Components of Profit and Loss Account The Profit & Loss Account intend to check profit. It has three parts. 1) The Trading Account: These account the money in (revenue)

Generally accepted accounting principles, Some companies announce pro forma...

Some companies announce pro forma earnings and then disclose real earnings measured under US Generally Accepted Accounting Principles (GAAP) in their quarterly financial reports.

Present value, Present value -- a notion that compares the value of money a...

Present value -- a notion that compares the value of money available in the future with thevalue of money in hand today. For instance $78.35 invested today in a 5% savings accountw

Aging Approach., At the end of 2011 Samuda reported a balance in Account re...

At the end of 2011 Samuda reported a balance in Account receivable of $620,000 and estimated that $12,400 of this account would likely be uncollectible. The allowance for doubtful

Income and expenditure accounts, format of the account

format of the account

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages