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What is the purpose of cash budget?
Main purpose of cash budget is to determine that when there is cash inflow and outflow from business and at what time company needs extra cash or have extra cash available to invest.
Difference between petty cash and main cash book?
cash book is the statement which contain's the total cash information . the information includes "cash in hand & cash at bank" petty cash book is maintain by company to meet their daily expenditure
Why is Cash rather than Petty Cash credited when a petty cash fund is replenished?
When a petty cash fund is replenished, the Cash account is credited instead of Petty Cash because the replenishment involves transferring funds from the main cash account to the petty cash fund. This reflects a decrease in the overall cash available in the main account. The Petty Cash account, on the other hand, remains unchanged since it is simply being topped up to maintain its established balance. Thus, the transaction more accurately represents the flow of cash between accounts.
What is the main cost of cash?
The main cost of cash includes the opportunity cost associated with not investing that cash in potentially higher-yielding assets. Additionally, holding cash incurs costs such as inflation eroding its value and potential fees for storage or management. There are also logistical costs related to handling, securing, and transporting cash. Overall, while cash provides liquidity, its costs can impact financial efficiency.
When is the petty cash account debited?
The petty cash account is debited when a company establishes or increases its petty cash fund. This entry reflects the outflow of cash from the main cash account to the petty cash account. Additionally, it may be debited when replenishing the petty cash fund, as it accounts for the expenses incurred that were paid from petty cash.
What were the two main cash crops in the middle colonies?
the 2 main cash crops were sugar and tabbaco
What is one of George Washington's main cash crop?
Washington's main cash corp was wheat
What are a company's main uses of cash?
the company's main uses of cash are ,to buy equipmentand to pay employees
What was the name of the movie where the main characters name was Cash?
Tango and Cash!
What was the main cash crop of south during reconstruction?
Cotton was the main cash crop of the South during the Reconstruction Era.
What the main advantage in cash and carry?
Once you pay cash for an item, it is yours.
What are the cash crops of Virginia?
One of the main cash crops of Virginia is tobacco.
What is Jamaica's main cash crop?
jamaica's main cash crops are bananas and sugar.They also have citrus fruit like cha cha!
What is the main cash crop of Washington?
peas
What is Kentucky's main cash crop?
Tobacco.
What was virginias main cash crop?
tobacco
What are the main cash crops in Ghana?
cocoa
