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Why would the owner withdraw assets other than cash?
because withdraw is so obvious, government and creditors and vendors can find it easily
Why contra entry passed for cash deposit and cash with drawls?
withdraw and deposit entry
What accounts are affected and how when merchandise is purchased for cash?
no accounts, the only time an account would be affected is when you withdraw or deposit money into/from it, cash is nearly untraceable and does not affect your bank accounts
Transactions recorded in the cash receipts journal?
Transactions recorded in the cash receipts journal are, all receipts of cash.
Can you deposit cash on ATM machine?
No, an ATM machine allows you to withdraw money. You have to use a Cash Deposit machine.
Why would the owner withdraw assets other than cash?
because withdraw is so obvious, government and creditors and vendors can find it easily
You Lost your ATM card can you withdraw cash?
you can visit the bank branch and use a cheque or withdrawal slip to withdraw cash.
What is cash withdrawal?
withdraw cash is when you are taking out money dah
Can you withdraw cash at the bank even if you forgot your atm card?
Yes. You can visit your bank branch, show your identity proof and then withdraw cash using the cash withdrawal slip. However for that you need to know your bank account number. If you don't know your account number, then you cannot withdraw cash.
Why contra entry passed for cash deposit and cash with drawls?
withdraw and deposit entry
If a bank closed how do you get your money?
You can use a Cash Point (or ATM) to withdraw cash if you have a card.
What is the Easy definition for non accrual accounting?
That would be Cash Basis accounting and the only entries recorded are Cash Receipts and Cash Disbursements.
Why withdraw cash from banks?
you may need cash or not want to use a debit card that day
What accounts are affected and how when merchandise is purchased for cash?
no accounts, the only time an account would be affected is when you withdraw or deposit money into/from it, cash is nearly untraceable and does not affect your bank accounts
Transactions recorded in the cash receipts journal?
Transactions recorded in the cash receipts journal are, all receipts of cash.
Is there a limit to the amount of cash you can withdraw in one day?
ATMs do have a withdraw limit to protect the card holder against threats of fraud and robbery. However, many banks now impose a withdraw limit at counters to ensure they carry sufficient cash levels
If a company returns defective supplies that were purchased for by cash and receives cash refund is this transaction recorded in Cash Receipts Journal?
Yes, the transaction of returning defective supplies and receiving a cash refund would typically be recorded in the Cash Receipts Journal. The entry would involve debiting the accounts payable or purchases returns account for the amount of the defective supplies and crediting the cash account for the amount of the refund received.
