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What else can I help you with?
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.
A firm which has a relatively large amount of cash and receivables in its current assets accounts and a relatively small amount of current liabilities would be considered?
liquid
What is the maximum amount of cash that can be legally kept at home?
There is no specific limit on the amount of cash that can be kept at home. However, it is recommended to keep large amounts of cash in a safe and secure location to prevent theft or loss.
Can you cash a check with a large amount?
You can only cash it as long as you have the same amount of funds in your account or even greater amount or an overdraft facility/arrangement. You can deposit it, but most likely it won't be available right away.
Which financial statement would show the amount of cash generated by operations?
Cash Flow Statement
What financial statement would show the amount of cash generated by operations?
The cash flow statement.
What section of the balance sheet would one find the amount of cash in the bank?
Cash in the bank would be listed under assets
Is it suspicious to purchase a car with cash?
Purchasing a car with cash is not inherently suspicious, but it may raise questions if the amount of cash used is unusually large or if there are other red flags in the transaction.
Where can you find the a definition of cash flow?
The definition of cash flow can be found on wikipedia or the dictionary. It is defined as the amount of money being transferred in and out of a business.
Why would you need to use a bank draft?
You would need a bank draft if you need to make a large purchase and do not have a credit card or that amount of cash. It is also good if you are a seller because there is no risk of a check bouncing.
Does Walmart cash comcheks?
No, they are not authorized to cash comcheks. You would be better off going to a large truck stop.
Is it illegal to carry a large amount of cash in Canada?
No but the Police and courts can find this to Be "suspicious" and use it to Begin an investigation into your activities.
