Answer:
See the attached for the answer and further explanation.
Explanation:
Petty cash fund is a fund set side to small and unimportant expenses to reduce costs and inconvenience of having to record and write check for them all the time.
Note: See the attached for the answer and further explanation.
Answer:
B. investing activities.
Explanation:
Cash flow transactions are categorized into three categories,
- Operating
- Investing
- Financing
Under Investing activities a company invests the money or cash in some sort of securities, in our case case loan, while investing it gives the money to some third person, then it gets return like interest or dividend on such amount.
Here, the company has lend some money in the form of loan and then it collects the loan, therefore it is investing activity.
Exceptionally if a company is a banking or NBFC companies then it lends money in normal course, and then collects them back in that case it is operating activity.
In general it is
B. investing activities.
Answer:
can only be analyzed by projecting the sales and costs for a firm's entire operations.
Explanation:
To be able to effectively cut costs, an analysis of a company's sales and operating costs must be performed. In a cost-cutting situation, financial control will be an important predictor of competitive advantage, as the more detailed sales and cost projection and analysis, the more information the company will have to control inputs and outputs and design strategies that will assist. on long-term organizational success.
Explanation:
Credit purchase : When goods are purchased on credit , cash does not go out , but supplier or creditor becomes the giver. Therefore , goods or purchases account is debited and supplier or creditor account is credited.
~See the attached picture !
Hope I helped !
Have a wonderful day / night !
Answer:
Cash budget
Explanation:
A budget is a financial plan that calculates a firm's expectations and uses that information to allocate the expectations to specific needs of the firm, to ensure its efficient and smooth running over a given period of time.
A cash budget as seen above is a type of budget that projects a firm's expectations cash-wise (inflwo and outflow), shortages and surpluses during a given period (say one year or two years, etc.).
Cheers.
