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Cash received from customers as payment for their bills is recorded by a?
cash discount
Statement of cash flows?
In financial accounting, a cash flow statement or statement of cash flows is a financial statement that shows a company's flow of cash. The money coming into the business is called cash inflow, and money going out from the business is called cash outflow. The statement shows how changes in balance sheet and income accounts affect cash and cash equivalents, and breaks the analysis down to operating, investing, and financing activities. As an analytical tool, the statement of cash flows is useful in determining the short-term viability of a company, particularly its ability to pay bills. International Accounting Standard 7 (IAS 7), is the International Accounting Standard that deals with cash flow statements. In financial accounting, a cash flow statement or statement of cash flows is a financial statement that shows a company's flow of cash. The money coming into the business is called cash inflow, and money going out from the business is called cash outflow. The statement shows how changes in balance sheet and income accounts affect cash and cash equivalents, and breaks the analysis down to operating, investing, and financing activities. As an analytical tool, the statement of cash flows is useful in determining the short-term viability of a company, particularly its ability to pay bills. International Accounting Standard 7 (IAS 7), is the International Accounting Standard that deals with cash flow statements.
Why does a wallet have 2 pockets?
I don't know if there is one right answer, but maybe some people like to keep coupons in one and cash in the other. But usually I keep 1 and 5 dollar bills in the first pocket and 10 and 20 dollar bills in the second one.
Is it legal for a store or restaurant not to accept bills larger than 20.00?
Yes. Apparently according to the Treasury department, it is legal for a store not to accept cash at all. Go figure.
How important are cash receipts?
Cash receipts are very important, especially in accounting, but also in everyday life. When paying cash for an item (of any magnitude) the receipt is the only proof you have that said purchase or payment was made. Let's use a personal example of a purchase. Say you go to your local electronic store and purchase a television or other large electronic device and you pay cash for it. The cash receipt is your "proof of purchase". That proof of purchase is needed in order for warranty, returns, etc. A business is much the same, say you (as a company) pays for an invoice using cash and you are given a cash receipt. Now let's say later in the month the vendor who bills you for the previous purchase makes an error in their books and re-bills you for the purchase, the cash receipt you received upon payment is proof that the bill was paid, without the receipt a long and sometimes not so pleasant battle over whether or not the amount was paid may ensue. So a cash receipt, especially on purchases that may have warrant, or be questioned in any way, are very important.
Cash received from customers as payment for their bills is recorded by a?
cash discount
Is cash bills a document of trade?
yes.
What are the Journal entries for treasury bills purchased on discount?
debit cash credit bills purchase
Are celebrity cash bills legal tender?
Yes
What is the difference money and cash?
Money is pretty generic, it could be in the form of checks, bills, coins, or the # in your bank account. While cash is just the main bills, 1,5,10,20,50,100.
What can impact your credit score?
You pay all your bills in cash.
How was utility bills paid in the 1960?
Same way as today. Checks, cash.
Where can I cash in the value of these 2 dollar bills?
The United States two dollar bill are rare pieces of money that are not printed any more. You can cash in the value of these bills at most American banks.
Assume you are responsible for the cash drawer At the beginning of the day your drawer contains five 100-dollar bills 10 fifty-dollar bills 15 ten-dollar bills twenty 5-doll?
You should have $1250 in the cash drawer at the beginning of the day.
Why you have all bills high?
because they want more money and cash
What can negatively impact your credit score?
You pay all your bills in cash.
You are asked to cash a check for 157.00 What is the fewest number of bills you will need to fulfill this request?
You are asked to cash a check for 157.00 What is the fewest number of bills you will need to fulfill this request?Read more: You_are_asked_to_cash_a_check_for_157.00_What_is_the_fewest_number_of_bills_you_will_need_to_fulfill_this_request
