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What does restore the petty cash imprest mean?
Involves having a fixed sum of amount ,which will revove for a financial year.
What does restore the petty cash imprestmean?
Restoring the petty cash imprest refers to replenishing the petty cash fund to its original predetermined amount after it has been used. This process involves reviewing the receipts and expenditures to account for the cash spent, and then adding the equivalent amount back into the fund. The imprest system ensures that the petty cash balance remains consistent, facilitating better cash management and record-keeping. Once replenished, the petty cash can continue to be used for small, everyday expenses.
Amount of cash overages for a period exceeds the amount of cash shortages the balance in the account cash short and over will be?
credit
When will the cash book have a credit balance?
When there is a large amount of expenses debited or no amount of cash received then it is obviously the cash book is credit balance.
What does it mean to restore the imprest amount?
Restoring the imprest amount means replenishing the cash or funds in a petty cash fund or similar account to its original predetermined level after expenses have been disbursed. This process involves documenting the expenses incurred and submitting them for reimbursement or replacement, ensuring that the total cash in the fund remains consistent. This practice helps maintain accurate financial records and controls over cash handling.
How can I determine the amount of cash received from customers?
To determine the amount of cash received from customers, you can add up all the cash payments made by customers for goods or services sold. This total amount represents the cash received from customers.
What is the process of earning and receiving cash back through a continuous loop?
The process of earning and receiving cash back through a continuous loop involves making purchases using a cash back credit card, earning a percentage of the purchase amount back as cash rewards, and then using that cash back to make more purchases, thus creating a continuous cycle of earning and receiving cash back.
What is a Cash allowance?
a cash allowendce is the amount of cash you are given over a period of time.
What is bank balance versus cash balance?
bank balance:- A bank balance is that amount which is actually deposited in any of the bank. or the amount which has been credited in your bank account. cash balance: - It is an amount which is there in your hand. i.e., it is otherwise called as cash in hand. or else we can say that the hot cash which is there with you right now is called as a cash balance. conclusion:- bank balance is the amount deposited in bank. and cash balance is the cash in hand.
If you cash out a permanent life insurance policy what amount do you get net cash value or total coverage amount?
kasafugenkingshun
Is undeposited collections considered as cash?
Yes actualy these are cash amount which are waiting to be deposited in bank account and until that it is cash in hand
Can I get a cash advance at a merchant's rate if I have a decent business?
Depending on the bank, a cash advance may be given at a merchants rate. It is also dependant on your credit score.
