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!
Explain the term- CASH SHORT AND OVER
This account is used to record both a shortage and overage of cash in cash drawer. When change is made during a business day, mistakes can be made and sales won't equal the amount of cash in the drawer. This is concluded by counting the drawer money, removing change fund, and comparing the amount left with the total of the Sales.
This account doesn't have a normal balance as it only summarizes the cash usage. At the end of month, if balance is a debit, it's considered an expense; if its balance is a credit, it's considered miscellaneous income.
Cash Short and Over is closed to Income Summary account at the end of accounting period. Miscellaneous Income if overage; Miscellaneous Expense if shortage.
what is the implication of applying accounting concept wrongly
COMMON ADJUSTMENTS AFFECTING THE PREPARATION OF BALANCE SHEET ARE: 1. Closing stock : Closing stock come into view on the credit side of trading account and assets side of
what is journal entry
How can price inflation effect a university negatively in the future? Like, what are a few things in the university that will be impacted?
Objective of Eight non-profit organization engaged in the conservation forest and wild animals
Liz Marett is the chief financial officer for Fulton Restaurants. She delivered the following comments in a recent conference call with analysts that follow the company: "20X5
procedure followed in government system of accounting in india
beginning inventory,purchase,and sales data for commodity A are as follows november 1 inventory 1500units @k20.00 2 sold 5000unit @ 40.00 12 purchase 10000 units @22
Q. Gain and loss recognition principle? The gain and loss recognition principle states that we record gains merely when realized but losses when they first become evident. Ther
Annual interest of 5% paid if balance exceeds 800, $7 monthly fee if account falls below minimum balance, average monthly balance $1,160, account falls below $800 during 5 months
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: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd