yes cash account is a real account cause it wll not come under persanal account ( consist of bank and peoples account) and not a nominal account( consist of incomes and expenses)
Present value analysis is a financial technique used to evaluate the value of future cash flows by discounting them back to their current value. It takes into account the time value of money, allowing for better decision-making by comparing the present value of costs and benefits. The goal is to determine whether an investment or project is worth pursuing based on its potential return.
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For a provision you initially debit cost and credit provision. When the provision is released you debit your provision and credit cash. The provision should be adjusted to present value on your balance sheet.
· Influence the businesses decisions concerning future. · The business has to create sure figures to be precise. · Alert bank to their possible problems in the future. · Plenty of searches are required. · Helps the business to plan ahead. · It is just a forecast. · Influence the businesses decisions concerning future. · The business has to create sure figures to be precise. · Alert bank to their possible problems in the future. · Plenty of searches are required. · Helps the business to plan ahead. · It is just a forecast.
The gap between practice and theory refers to the differences that can exist between what is recommended or predicted by theories and what actually occurs in real-world practice. This misalignment can occur due to various factors such as practical constraints, human behavior, or unforeseen variables that theory may not account for. Bridging this gap often requires refining theories based on practical insights or adapting practices to align better with theoretical principles.
It is not a personal a/c, nor a nominal account, alike cash it is real a/c.
Because these are the only accounts which have real existance like cash account and bank account other accounts are just in books of accounts and no real physical existance.
Bill payable is a personal account and only cash and bank accounts are real accounts in accounting.
Unearned ravenue is liability account as revenue is not yet earned but cash received.
what is a cash account
EXAMPLE: Cash A/C DR To Bank A/C
why do you debit cash account and credit receivables for cash in transit
Do you want to donate cash or real estate? If it were real estate you could just put it in their names. If it were cash you could put it in your checking account and then send checks.
see first tell me wat is bank overdraft..... its is real or personal... ans.personal...every bank a/c is personal a/c.. and though bank is payable or receivable its is personal a/c only....
Do you want to donate cash or real estate? If it were real estate you could just put it in their names. If it were cash you could put it in your checking account and then send checks.
No cash account is a permanent account. as u treated cash as a debit element in General journal against of Capital. Capital is a permanent account so cash too.
[Debit] Petty Cash account [Credit] Cash account