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Debit: Profit & Loss Account
Credit: Cash In Hand or Petty Cash
Nature of Debit is Expense and the nature of Credit is Asset.
Expense Increased and Asset Decreased
If you have an account already open for such Losses then you should debit such account. For example in my company Cash loss is usual Case so we have an Account titled "Cash Lost Expense"
In my cash I will pass the entry as
Debit: Cash Lost Expense
Credit: Cash in Hand or Petty Cash
What else can I help you with?
Correct entry to replenish petty cash?
Typically, a company would write a check in the amount needed to bring the petty cash box back to the imprest amount. So, if the petty cash account has a balance of $200, but there is only $50 in cash in the petty cash box, they would write a check for $150...usually to the Office Manager or whoever is responsible for petty cash. The debit side of the entry is to the various expense accounts supported by the receipts or vouchers in the box: postage expense, office expense, misc. expense, etc. Of course, the credit side of the entry is to cash. The only time you ever make an entry to an imprest petty cash account is when you first set it up, or if you increase or decrease the imprest amount. In the example above, if the receipts in the box did not total $150, you would still write the check for $150 and have an entry to an expense account called cash over/short.
What is a box or drawer to keep money in?
A Safe, also a strongbox, or cash box.
What is box or drawer for keeping money and take away one letter?
A box or drawer for keeping money is typically referred to as a "cash box" or "cash drawer." If you take away one letter from "cash," it becomes "ash," which refers to the residue left after burning something.
What is impress account?
An imprest account is an account that always has the same balance. There are usually no entries made to this type of account (unless you wanted to increase or decrease the imprest amount). A good example is Petty Cash. You open the account by writing a check for, say $250. (Debit Petty Cash, Credit Cash.) The funds are kept in a locked cash box and used to make small incidental purchases (stamps, donuts for a company meeting, etc.). A receipt or voucher is placed in the cash box for each purchase. The cash box always contains $250 in cash and receipts. When the amount of cash is getting low (perhaps under $20), A check is written (and cashed) to replenish the petty cash box. The debits are to the various expense accounts (Postage, Office Expense, etc.) and the credit is to Cash (just like any other check). Then, the cash box is back to $250 in cash and no receipts (they were attached to the check stub). As you see, there was not a second entry to the Petty Cash account. Some companies will have a separate checking account for Payroll which is an imprest account. The account is opened in the same fashion and each pay period, the exact total amount needed for payroll is transferred to that account. The payroll expenses and tax liabilities are recorded in total (as opposed to posting each individual paycheck) and the offset is to the account where the transfer originated. Again, no entries are made to the imprest account.
What is Clicking the box completetes an entry?
"Clicking the box completes an entry" typically refers to the action of selecting a checkbox in a digital form or application. When a user clicks the box, it indicates that they have finished providing the necessary information or that they agree to certain terms. This action often triggers a response, such as submitting the form or updating a status, confirming that the entry is finalized.
Correct entry to replenish petty cash?
Typically, a company would write a check in the amount needed to bring the petty cash box back to the imprest amount. So, if the petty cash account has a balance of $200, but there is only $50 in cash in the petty cash box, they would write a check for $150...usually to the Office Manager or whoever is responsible for petty cash. The debit side of the entry is to the various expense accounts supported by the receipts or vouchers in the box: postage expense, office expense, misc. expense, etc. Of course, the credit side of the entry is to cash. The only time you ever make an entry to an imprest petty cash account is when you first set it up, or if you increase or decrease the imprest amount. In the example above, if the receipts in the box did not total $150, you would still write the check for $150 and have an entry to an expense account called cash over/short.
How can you entry in tally if cash deposit in bank?
If it is contra entry :Go to ACCOUNTING VOUCHER in tally 9 , after that mouse left click on CONTRA box on your left side or press F4, and then select BANK under Accounts , and select CASH under PERTICULARS.
When was Box Elder News Journal created?
Box Elder News Journal was created in 1893.
What box complete an entry?
Click on the Enter box to complete a cell entry.
Did Joni James sing The Moment I saw you?
Yes. In Cash Box Top Singles Charts on 8/20/55 new entry on Number 48
Do you get a charge if you posses a stolen handgun but you were unaware it was stolen?
To answer that yes. But if you live in the city of New York you can turn it in for 25 dollars cash reward. just put it in a shoe box and wrap it like you were going to mail it and bring it to the closest police precint
Can you give a sentence with the word cash box?
Cash box = cash register. The customers at the A&P handed the cashier their money and she placed it into the cash box.
What is the meaning of imprest account?
An imprest account is one that always has the same balance; an exact amount of cash in deposited into the account for a known specific future purpose (such as an upcoming payroll), and the same amount leaves the account when the funds for that purpose are expended. The best example is Petty Cash. To start a Petty Cash fund, a firm initially writes and cashes a check for $250 (Dr. Petty Cash, Cr. Operating Account Cash), and puts the $250 cash in the office Petty Cash box. When a small purchase is made by an employee for the office (for stamps, etc), the employee is reimbursed from the Petty Cash box, and puts her receipt for the amount she was reimbursed in the Petty Cash box. The total in the box, between cash and receipts, is always $250. When the amount of petty cash left on hand in the office gets low and the Petty Cash funds must be replenished, the company writes and cashes a check for an amount equal to the total of all the receipts in the box, debiting the appropriate expense accounts and crediting Operating Account Cash. Cash in the amount of the check goes into the Petty Cash box, to bring the total Petty Cash back up to $250. No entry is made to the Petty Cash account since its balance should always be the original amount funded (in this example, $250).
What are the release dates for Cash Box - 2013?
Cash Box - 2013 was released on: USA: 2 February 2013 (internet)
What is a cash vault and safety deposit box?
what is a cash vault deposit
What is a box or drawer to keep money in?
A Safe, also a strongbox, or cash box.
How do you add a journal template to deviantart?
First, to be able to add a journal template to your journal on deviantART, you must be a subscriber to the website. This is a subscriber only feature. Before adding a Journal Template/CSS to your journal, you must have a fair amount of knowledge of CSS coding. When you have your CSS coding for your journal template available, go to deviantart's website and follow these steps: 1) At the top of every deviantART page, there is a little dark green square with an arrow in it next to your username. Click on that. 2) A drop down menu will appear. In that menu, click 'Update Journal'. 3) This will bring up a new journal entry field. 3 a) If you wish to edit a past journal entry, click on 'Edit Previous Journal Entries' above the new one. Then select the one you want by clicking 'edit' to the right of the journal title. This will take you to that journal's edit page. 4) Here you will see 6 things. A Subject line. A link that says 'Header' (click to show). A text box titled 'Journal Entry'. A link that says 'Footer' (click to show). An area to enter mood, and current activities. A link at the bottom that says 'Add CSS...'. First start out by clicking 'Header' (click to show), if your CSS uses a header. If it doesn't, skip to step 6. 5) A text box will appear. Here you put in the ccoding for your journal header. You can do this by typing in the coding you wish, or if it's a premade template, copy and paste from the downloaded text document. 6) Next, go to the 'Journal Entry' text box. Here will be the body of your journal. There should be some coding here as well. You can do this by typing in the coding you wish, or if it's a premade template, copy and paste from the downloaded text document. 7) Now for the Footer. Click the link that says 'Footer' (ckick to show), if your CSS uses a footer. If it doesn't, skip to step 9. 8) Here, you enter the coding for your footer. ou can do this by typing in the coding you wish, or if it's a premade template, copy and paste from the downloaded text document. 9) Finally, it's time for the acual CSS that ties this all together to make a journal. At the bottom, above the Preview and Send buttons, there is a link that says 'Add CSS...'. Click this. 10) A window will pop up saying: "Custom journal CSS should only be used by advanced users with knowledge of Cascading Style Sheets. Do you want to access the journal CSS editing area?" Click 'Ok' to continue. 11) A large text box will appear. Here is for your actual CSS coding, add that here.You can do this by typing in the coding you wish, or if it's a premade template, copy and paste from the downloaded text document. 12) When you are done, you can click Preview to see a small preview of what your journal template looks like. Or, you can click Done, and your journal will be update for everyone to see. This will complete your CSS coding and journal template.
