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Petty cash is current asset and shown under cash in hand section of balance sheet in asset side.
It will be on the asset side under the heading of current assets in the balance sheet.
No.
Petty Cash is an asset account with a normal Debit balance.
petty cash voucher is released by the handler of the funds to support every payments made. petty cash book contains a summary of all petty cash disbursements, its total and the balance.
Petty cash is also Cash so like other cash account it is also shown in balance sheet.
Petty cash is current asset and shown under cash in hand section of balance sheet in asset side.
Dividends appear in Balance Sheet and Cash flow Statements (CFS). In Balance Sheet they will have an effect on Cash and Retained Earnings, while in CFS they will reflect on the cash transactions.
It will be on the asset side under the heading of current assets in the balance sheet.
No.
Petty Cash is an asset account with a normal Debit balance.
petty cash voucher is released by the handler of the funds to support every payments made. petty cash book contains a summary of all petty cash disbursements, its total and the balance.
A cash dividend reduces cash (asset, debit on balance sheet) and reduces retained earnings (part of equity, credit on balance sheet).
the difference between the beginning and the ending cash balance on balance sheet
Petty Cash is a current asset (it both has value and is liquidated in less than 12 months). Since Petty Cash is an asset, its normal balance is a debit, as asset accounts are debits.
Cash is most liquid item in asset side of balance sheet and cash is that amount which is in hand for use for expenses of business.
Cash balance from cash flow statement should always tally with balance sheet cash balance otherwise it means that cash flow statement is not prepared accurately and proper investigation should be launched to check the discrepancies .