Control of Cash Receipts Internal control of cash receipts ensures that cash received is properly recorded and deposited. Cash receipts can arise from transactions such as collections of customer accounts‚ receipts of interest earned‚ bank loans‚ sales of assets‚ and owner investments. The two important types of cash receipts are: Over-the-Counter Cash Receipts For purposes of internal control‚ over-the-counter cash receipts from sales should be recorded on a cash register at the time of each
Premium Cash register Receipt Gramophone record
The basic accounting concepts have defined the conception of the preparation of financial statements and the process of preparation in the UK is well regulated. But financial accounting requires a fair amount of flexibility in some certain areas‚ so the need of judgements and estimations for accounts preparers is demand. Meanwhile it leaves a significant approach in accounting treatments. For example‚ when organizations decide which of several inventory valuation methods to utilize; managers make
Premium Generally Accepted Accounting Principles Balance sheet Financial statements
Case Chapter 7 Cash and Receivables 1. Petty Cash (10 min.) The petty cash fund of $200 for Walsh Company appeared as follows on December 31‚ 2008: Cash $93.60 Petty cash vouchers Freight in $21.40 Postage 40.00 Balloons for a special occasion 18.00 Meals 25.00 Instructions 1. Prepare the journal entries required to establish the petty cash fund. 2. Prepare in general journal form the entry to replenish the fund. 3. On December 31‚ the office manager gives instructions
Premium 1986 1970 1966
XACC/280 Final | Financial Analysis | Instructor: Zeno Gavales | Gracie Sandoval 2/24/2013 | To any company whether small or a large corporation‚ the financial analysis is very important in order for a successful business. This will determine if the company is healthy enough to invest or even to see where you are weak in the financial part of the business. It is the company’s responsibility to present accurate analysis of their financial reports. What I hope to present to you
Premium Finance Economics Investment
Chapter 9 – Auditing the Expenditure Cycle Summary Purchases and Cash Disbursement Procedures Using Batch Processing Technology Many batch system functions are the same as those in a manual purchase system. The main difference is that the routine accounting tasks are automated. Data Processing Department: Step 1 – the purchasing process begins in the data processing department‚ where the inventory control function is performed. The revenue cycle (in retailing firms) or the conversion cycle
Premium Financial audit Audit Purchase order
course i.e. the maximum marks allotted to the written examination and to the interviews will be 300‚ 300‚ 300 and 200 each for admission to the Indian Military Academy‚ Indian Naval Academy‚ Air Force Academy and Officers’ Training Academy respectively. 3. The papers in all the subjects will consist of objective type questions only. The question papers (Test Booklets) of General Knowledge and Elementary Mathematics will be set bilingually in Hindi as well as English. 4. In the question papers‚ wherever
Premium Elementary algebra Real number Quadratic equation
CheckPoint: The impact of HRM Your name here Axia College University of Phoenix CbeckPoint: The Impact of HRM To improve the management of human resources in our company we need to complete performance appraisals and add new pay and benefits. We need to evaluate the performance levels of our employees on a monthly basis. Doing these evaluations will give the high performing employees the encouragement they need to stay on the right track and give the low performing ones a chance to
Premium Human resource management Profit Management
Checkpoint: Literary Canon Erin Hailey Patton LIT/210 October 26‚ 2010 Harmon Johnson Write a 175-300 word response to the following questions: 1.) What literature do you consider to be part of the United States current literary canon and why? Over the years literature has changed quite a bit‚ new genres of the wood works
Premium Literature Writing Poetry
UOP STUDENT POS 110 Checkpoint: Voting in America Upon researching voter turnout in the United States‚ it is clear that the rate has declined tremendously over the years. Since the 1960’s‚ participation levels from voters has constantly decreased. There are many trends that lead to such a decline in turnout. One reason that many American citizens decide not to vote is due to the registration barriers. The laws governing how qualified voters should register has become a rather tedious
Free Election Voting Plurality voting system
CheckPoint: Reading and Comprehension GEN 105 * Don’t try to make the audience laugh. They came to learn about what you are presenting‚ not laugh. * Don’t try to impress anyone with a lot of big words. * Try to make the audience absorb in what you are saying. Help them get lost in the presentation by getting over the awkward pauses and such. * If you decide to use a power point show‚ don’t let it be the entire presentation. * Not too many will care about the history of
Premium English-language films Audience Comedy