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Receipts from cash sales of 9500 were recorded incorrectly in the cash receipts journal as 5900 What entry is required in the depositors accounts?
Wiki User
∙ 9y ago
Another entry will be required in cash receipts journal with difference in recorded 4600(9500 - 5900).
Wiki User
∙ 9y ago
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What is Sundry receipts?
Sundries are incidentals such as haircuts, newspapers, sodas, and cigarettes. These receipts are submitted for reimbursement in expense accounts in some cases.
The cash receipts journal usually has special columns for the accounts that a business uses the most often in recording its cash receipts?
sales account sales account
How do you record a journal entry for cash receipts?
[debit] cashcredit accounts receivable
How do you calculate cash receipts?
calculating a cash receipts
Transactions recorded in the cash receipts journal?
Transactions recorded in the cash receipts journal are, all receipts of cash.
What is Sundry receipts?
Sundries are incidentals such as haircuts, newspapers, sodas, and cigarettes. These receipts are submitted for reimbursement in expense accounts in some cases.
The cash receipts journal usually has special columns for the accounts that a business uses the most often in recording its cash receipts?
sales account sales account
How do you record a journal entry for cash receipts?
[debit] cashcredit accounts receivable
What if your supervisor asks you to compile the credit card receipts What should you do to the receipts?
Your supervisor asks you to compile the credit card receipts. What should you do to the receipts?
What is debt capital receipts?
Non-debt capital receipts consist of recoveries of loans (RoL), and other receipts, which are disinvestment receipts (DR).
What is NON-debt capital receipts?
Non-debt capital receipts consist of recoveries of loans (RoL), and other receipts, which are disinvestment receipts (DR).
What is NON debt capital receipts?
Non-debt capital receipts consist of recoveries of loans (RoL), and other receipts, which are disinvestment receipts (DR).
How do you calculate cash receipts?
calculating a cash receipts
Meaning of capital receipts and expenditure receipts?
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Transactions recorded in the cash receipts journal?
Transactions recorded in the cash receipts journal are, all receipts of cash.
What is gross and net receipts?
Gross receipts are the total of all sales with out the deduction of any expenses. Net receipts are the gross receipts minus returns, allowances and discounts.?æ
What is the capital receipts and revenue receipts?
REVENUE RECEIPTS* Receipts related to NORMAL ACTIVITIES of the business* Credited as revenue to Trading and Profit & Loss Account* Examples: receipts from sales of goods and services, rent, commission and interest on bank deposits received by the businessCAPITAL RECEIPTS * Receipts derived from activities which are not part of the normal trading activities of the business* Appears as capital or liabilities in the Balance Sheet* Examples: receipts of cash brought in by partners, shareholders, debenture holders and bank loans
