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
1. [Debit] Building account xxxx [Credit] building fund account xxxx
Debit transfer bankCredit transferee bank
DR all expenses (Postage expense,Misc. expense,John Smith, drawing,Telephone expense. CR Cash
receipts 80 Cash Short(Over) 2 Cash 82
After a bank reconciliation is prepared, prepare an adjusting journal entry on the company's books for all items that were recorded by the bank, but not recorded in the books. These usually include:Corrections made by the bankBank feesInterest income recorded by the bankInsufficient fund (NSF) checksElectronic Fund Transfer (EFT) deposits made to the bank account, but not recorded in the books.
Fluctuating fund system is handling petty cash fund wherein every expenses/voucher is debited directly with petty cash fund as a credit. The petty cash fund is debited only whenever there is a replenishment wherein the proforma entry is:
premium remained in capital projects fund, is there an journal entry for this
1. [Debit] Building account xxxx [Credit] building fund account xxxx
The Hedge Fund Journal was created in 2004.
Debit transfer bankCredit transferee bank
Today, I made a new investment in a diversified mutual fund to further enhance my investment portfolio. This decision aligns with my long-term financial goals and risk tolerance. I will continue to monitor the performance of this investment regularly to ensure it remains in line with my objectives.
DR all expenses (Postage expense,Misc. expense,John Smith, drawing,Telephone expense. CR Cash
To record employee contributions to the provident fund: Debit Provident Fund Expense and Credit Employee Contribution Payable. To record employer contributions: Debit Provident Fund Expense and Credit Employer Contribution Payable.
Salary a/c Dr. To employee a/c To ppf a/c ppf a/c (employer)Dr ppf a/c (employee)Dr To bank a/c
receipts 80 Cash Short(Over) 2 Cash 82
no such thing as an entry level mutual fund manager, has to have some solid experience to be a supervisor in a fund team, but you can be an entry level fund accountant that tracks the NAV calculations and does other tasks, and can make about 35K, and move to manager position depending on the company.
After a bank reconciliation is prepared, prepare an adjusting journal entry on the company's books for all items that were recorded by the bank, but not recorded in the books. These usually include:Corrections made by the bankBank feesInterest income recorded by the bankInsufficient fund (NSF) checksElectronic Fund Transfer (EFT) deposits made to the bank account, but not recorded in the books.