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calculating a cash receipts
Transactions recorded in the cash receipts journal are, all receipts of cash.
Cross-footing a cash receipts journal means
budget deficit
Budget Surplus
calculating a cash receipts
Transactions recorded in the cash receipts journal are, all receipts of cash.
Expenditures for an investment most often precede the receipts produced by that investment. Cash received later has less value than cash received sooner. The difference in timing affects whether making an investment will earn a profit.
Cross-footing a cash receipts journal means
Budget Surplus
budget deficit
yes it exceeds.
there is a surplus or profit.
Another entry will be required in cash receipts journal with difference in recorded 4600(9500 - 5900).
all cash received.
The federal government purchases exceed net taxes.
Cash receipts help keep track of the money taken in by a business for the day. These receipts can be matched with the deposit to ensure that the numbers are correct.