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What is journal entry for fluctuating fund system?
establishment of fund: petty cash fund xx cash in bank xx payment of expenses out of the petty cash fund: expenses xx petty cash fund xx
What is the entry to replenish a petty cash fund?
Dr. Various expense accounts Cr. Cash (in bank)
Where is a good place to put a college savings fund?
A good place that you can put up a college savings fund would be at bank that provides a product that offers interest on your funds but also has very minimal risk. Such products are available from banks like Bank of America and Signature Bank.
How does the risk of a money market mutual fund compare with that of a savings account?
The risk of a money market mutual fund is similar to that of a savings account. Both are low-risk, slow-growth savings vehicles. Money market funds are viewed as a cash equivalent, similar to a savings account.
WHAT IS the correct entry to replenish a petty cash fund?
Dr Bank Account Cr Petty Cash Account
What is the correct entry to replenish the petty cash fund?
Dr Bank Account Cr Petty Cash Account
What are fund based limits?
Fund Based Limit is a limit in which the Co is getting money actually(Cash). whereas in non-fund base limit bank make payment on behalf of company. Fund Base Limit: Cash Credit Term Loan Non-Fund Base Limit: Bank Gurantee Packing Credit Letter of Credit
What are fund based and non fund based advances?
Fund Based Limit is a limit in which the Co. is getting money actually(Cash). eg: Cash Credit Term Loan Non Fund Base limit bank make payment on behalf of company. eg: Bank Guarantee Packing Credit Letter of Credit
List of mutual savings bank in the Philippines?
The top mutual savings banks in the Philippines are Ang Global Bond Fund Philippines, ALFM Dollar Bond Fund, ALFM Euro Bond Fund, and ALFM Growth Fund. These companies are all registered in the Securities and Exchange Commission.
Is the entry to establish a petty cash account a debit to petty cash and credit to cash?
yes. the entry should be: petty cash fund debit cash in bank credit
Can you get a free fund transfer with a DBS savings account?
Yes DBS savings account is unique in many ways. It can be opened with an initial deposit or Rp 1 mio. You can withdraw cash across Indonesia and Singapore through various ATM's connected to DBS ATM networks. Also there is fund transfer free within PT Bank DBS Indonesia.
Is mutual fund liquid asset?
Yes. open ended mutual funds can be considered liquid. You can convert it to cash within a couple of days.
