debit
Yes. See http://www.principlesofaccounting.com/chapter%206.htm#Petty%20cash and find "Short and Over" for more info.
receipts 80 Cash Short(Over) 2 Cash 82
why do you debit cash account and credit receivables for cash in transit
over drwan cash Harisha M.K. Mundre
debit
credit
Yes. See http://www.principlesofaccounting.com/chapter%206.htm#Petty%20cash and find "Short and Over" for more info.
receipts 80 Cash Short(Over) 2 Cash 82
Cash flow is revenue or expenses stream that changes a cash account over or given period.
No, idle cash in a bank checking account is not considered a short-term investment. It is simply cash that is not being actively used or invested. Short-term investments typically refer to assets that are expected to be converted into cash within a year, such as Treasury bills or money market funds.
No; convert the cash into cash equivalents (like short-term CDs instead)
what is a cash account
why do you debit cash account and credit receivables for cash in transit
[Debit] Bank Account 50000 [Credit]Cash Account 50000 Bank account as well as cash accounts are involved in this transaction.
The cash sweep process is a method used by companies to manage excess cash. It involves automatically transferring excess cash from a company's checking account into a higher-yielding investment account, such as a money market account or short-term investment. This helps the company earn more interest on its idle cash and maximize its financial resources.
over drwan cash Harisha M.K. Mundre