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What happens if large sum of undeclared cash is left but no will?
Wiki User
∙ 15y ago
It goes to the estate and is then distributed according to the intestacy laws for your state or country.
Wiki User
∙ 15y ago
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If you are left a sum of money in a will but die before you cash it what happens next?
The inheritance would become part of your estate and would pass according to your will or according to the laws of intestacy in your state to your next of kin.
What order do you place money in a cash register ones on the left of right?
the right
What is inheritance cash?
"Inheritance cash is just like any other inheritance, except it's money as opposed to land or a house or other assets." An inheritance is something that is left to you by a family member who has passed away. Inheritance cash is just the money form of an inheritance.
What side does capital go on a t account?
Owner's equity capital goes on the right side of the T account. Usually, the corresponding entry is to cash which goes on the left side.
What is the nature of the imprest system?
An imprest system is a system using loans as control against fraud and theft. The most common imprest system known is the petty cash system.Petty cash imprest systemThe Petty Cash Imprest System works on the basis that you only replenish what you have spent. So if you start the month with $100 in your petty cash float and spend $90 of that cash in the month, an amount of $90 will be then placed in your petty cash float to bring the balance of your petty cash float back to $100.Why use the imprest systemIn this example the maximum amount of petty cash that can be issued (spent) is $100. You can only spend what you have and you are only replenished with what you spend, in this case $90.In a non imprest system where a fixed amount is issued every month e.g. $100 every time cash is required, there is no incentive to ensure all money issued has been documented because when money is all spent a cheque for a fixed amount is issued. It is much more difficult to reconcile a non imprest system as you never know how much exactly should be in the float.In an imprest system the amount requested is documented. The documentation being the petty cash dockets and their associated receipts or invoices. So at all times you can check how much should be left in the petty cash float by deducting the amount spent from the opening petty cash float.How petty cash imprest system worksThe imprest system ensures that you must document how the petty cash is spent. In a petty cash system, petty cash dockets are written for each amount issued. So when all of these dockets are totalled at the end of the month and deducted from the opening petty cash float, the calculated value must agree with what is left in the petty cash float. Under the imprest system, only that which is recorded as spent is replenished. Any shortfalls may have to be replenished by the guardian, usually a bookkeeper, of the petty cash float from their own personal resources.For the source and more detailed information concerning your request, click on the related links section (Answers.com) indicated below.
What do you call left over cash?
left over cash
What happens to the value of a number if it is moved one place to the left?
It becomes ten times as large.
Is bg signed with cash money records?
No....BG Left Cash Money The Same Year Juvenile Left.....Lil Wayne Was The Only Rapper From The Hot Boyz That Stayed With Cash Money.....
What are baseball player Norm Cash's physical stats?
Norm Cash is 6 feet tall. He weighs 185 pounds. He bats left and throws left.
What happens when a glacier melts in a cirque?
the glacier dropped small rocks as it melted. An erratic is a large boulder left behind after a glacier has melted
What happens when the glacier melts in a cirque?
the glacier dropped small rocks as it melted. An erratic is a large boulder left behind after a glacier has melted
If you are left a sum of money in a will but die before you cash it what happens next?
The inheritance would become part of your estate and would pass according to your will or according to the laws of intestacy in your state to your next of kin.
The White family took 780 cash with them on vacation At the end of their vacation they had 12.37 left How much cash did they spend on vacation?
They spent: 780-12.37 = 767.63 cash
You are asked to balance the petty cash account You find there was 20.00 in it to begin with and you have vouchers for 17.00 How much is left in petty cash?
20
Where is the cash register in the stadium in club penguin?
The cash register in the club penguin stadium is where it says "SNACKS". It is to the left of "SPORTS" and to the right of "STADIUM". In the "SNACKS" a fish is right next to the cash register.
Can a bank cash a personal check that was not signed and left blank on the signature area?
no
What order do you place money in a cash register ones on the left of right?
the right
