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does cash in the bank improve a companys proformance
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∙ 10y ago
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What is the cash account in a company's ledger?
The cash account in the company's ledger is Bank.
Information about performance of company is disclosed by?
balance sheet and cash flow statement
Infoformation about performance of company is disclosed by?
balance sheet and statement of cash flow
How do you pass journal entry if company take the loan from bank?
debit cash / bankcredit loan from bank
How do I get a trust cash advance?
A trust cash advance can be obtain by your bank, job or wages stubs submitted to a loan company.
Cause discrepancy between a bank statement and cash book?
discrepancies appear when there is the outstanding on the bank and any mistakes made to company or on the bank
Example of three column cash book?
three column cash book is a book where company maintain the records of cash and bank transactions. it contain of 3 column cash, bank and discount. it helps to understand easily about the payment and receipt of cash.
What is the journal entry if a company pays the debts of another company?
Debit investment in other companyCredit cash / bank
What are the items one should check during bank reconciliation?
Updated Bank Pass Book and Company's Cash Book.
What is the correct journal entry of receiving a company bonus?
Debit bonusCredit cash / bank
What is the journal entry a company would record when it purchases equipment and pays cash?
[Debit] Equipment account [Credit] Cash / bank
Why is cash debit in the book of accounts whereas it is credit in the bank statement?
Because it's taken from the company's cash balance - and credited to the company's account. The company's books must balance - therefore, the cash is taken from one account and paid into another.
