In accounting, currency, coins, checks, money orders, and funds on deposit in a bank are recorded in?

Business

1 answer:

Dafna1 [17]1 year ago

8 0

In accounting, currency, coins, checks, money orders, and funds on deposit in a bank are recorded in cash.

<h3>What is cash in a bank in accounting?</h3>

Cash in Bank refers to the current balance in checking or savings accounts or other accounts of a similar nature held in the name of the company or business requesting the certificate. Do not include amounts from personal bank accounts or retirement accounts.
Every month, the bank will normally send the account holder an official bank statement that lists all of the transactions that occurred on the account that month. Account information can be found on bank statements, including account numbers and a thorough list of deposits and withdrawals.
There are three different forms of accounting transactions based on the exchange of money: cash transactions, non-cash transactions, and credit transactions.

In accounting, currency, coins, checks, money orders, and funds on deposit in a bank are recorded in cash.

To learn more about bank accounts, refer to:

brainly.com/question/24179665

#SPJ4

You might be interested in

The average noise level in a diner is 30 decibels with a standard deviation of 6 decibels. ninety-nine percent of the time, the

Artemon [7]

<span>Assuming a normal distribution the noise level is below 44dB 90% of the time. Looking up the standard deviation that goes along with .01 on a normal distribution chart, we find that 2.33 standard deviations is the answer. Given the standard deviation of six we turn this in to deviation in decibels from the mean: 6*2.33 = 13.98 Add this to the mean to get 30+13.98=43.98 which we round to 44dB</span>

6 0

3 years ago

What is economy? economic basics study question 2

Evgen [1.6K]

The study that tells about the production, usage and distribution of goods and services among the people of the nation is called the economy.

<h3>What is production?</h3>

Production is the process of making finished goods by converting them from its raw materials.

Economy is referring to the study that describes the manufacturing, consumption and distribution of the goods and services among the citizens of the country. The field which studied about economy is called Economics.
It could be inclusive of customers, business firms and the government. The customers are the ones who acquire the goods for satisfying his/her wants.
The business houses are the entities that made the goods and then make it available in the market for sale to the customers. The government is the authority who regulate the equal distribution of goods to each and every people of the country.