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3 years ago

A disbursement voucher contains

Business

2 answers:

kykrilka [37]3 years ago

8 0

Answer:

the net payment amount after deducting applicable discounts and allowances.

Explanation:

It is a document or form made to authorize the writting of a check in favor of a third party. the departmetn in charge will approve the payment and emit this document for the net amount that is, free of discount allowance or adding adidtional charges or freights.

Leona [35]3 years ago

8 0

Answer:

The correct answer is letter "D": All of the above are correct.

Explanation:

A disbursement voucher is a sort of check given after goods are sold or services are rendered to individuals or other entities. Disbursement vouchers could be issued as payments -partial or total, reimbursements, or advances. Disbursement vouchers must come along with the invoice of the vendor indicating the items being exchanged and their costs.

Thus, <em>disbursement vouchers can include payments and discounts -if any, the general ledgers accounts to be debited, and a list of outstanding invoices.</em>

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If a company incorrectly records cash received for services to be provided in the future with a debit to Cash and credit to Sale

choli [55]

Answer:

B. Net income will be too high.

Explanation:

Revenue will be overstated instead of liabilities. overstatement in revenue will lead to the higher net income in current period. On the other hand liabilities are overstated. Entry to cash is accurately done and it will not effect due to this error. So the correct option is B. Net income will be too high.

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3 years ago

Osage Corporation issued 2,000 shares of common stock. Prepare the entry for the issuance under the following assumptions. (Cred

Blababa [14]

Answer:

Osage Corporation

Journal Entries for the Issuance of 2,000 Shares under the following assumptions:

(a) The stock had a par value of $5 per share and was issued for a total of $52,000.

Debit Cash Account $52,000

Credit Common Stock $10,000

Credit Additional Paid-in Capital $42,000

To record the issuance of 2,000 shares of Common Stock, par $5 for a total of $52,000.

(b) The stock had a stated value of $5 per share and was issued for a total of $52,000:

Debit Cash Account $52,000

Credit Common Stock $10,000

Credit Additional Paid-in Capital $42,000

To record the issuance of 2,000 shares of Common Stock, stated value of $5 for a total of $52,000.

Debit Cash Account $52,000

Credit Common Stock $52,000

To record the issuance of 2,000 shares of Common Stock, with no par, for a total of $52,000.

Explanation:

Shares can be issued at par and above the par value. A stated value is an amount assigned to a corporation's stock for internal accounting purposes when the stock has no par value. Like par value, stated value is nominal, typically between $0.01 and $1.00.

If no-par value stock does not have a stated value, the entire proceeds from the issuance of the stock become legal capital.

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4 years ago

Discuss how either good or poor quality affects you personally as a customer. Give specific examples and describe an experience

lys-0071 [83]

Answer:

Quality is the perhaps the most desired thing in a good or service, however, sometimes, as customers, we have to compromise on quality for a cheaper price.

Personally, I look for quality when I buy a laptop. I have had four laptos in my life. Two of those laptops were HP, and the two other were Lenovo.

I had a good experience with my first HP laptop, so I bought another one years later. That second HP had many technical issues only a few months after the purchase, and a year later I ended up buyina new Lenovo laptop.

That first Lenovo lasted for over 4 years until I replaced it for a new one.

In this case, the lack of quality I have personally experienced with HP has made me ditch the brand altogether.

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3 years ago

Explain the importance of reconciling the bank at set dates

zmey [24]

Answer:

The goal of the bank reconciliation process is to find out if there are any differences between the two cash balances. ... A monthly reconciliation helps to catch and identify any unusual transactions that might be caused by fraud or accounting errors, especially if your business uses more than one bank account.

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3 years ago

What would be the total interest earned and the total percent yield for the time period for the following problem? Remember that

lidiya [134]

The balance in Marty’s account will be $1330

Simple interest= (P x R x T) / 100

Where,

P = Principal = $1,000

R= Rate = 7.2%

T = Time = 55 months = 4.583333 years.

Simple Interest = (1000 x 7.2 x 4.58) / 100

=$329.76 = $330 (approx.)

Amount = Principal + Simple Interest

=$1000 + $330

=$1330

What is Simple Interest?

Simple interest is calculated based on a loan's principal or the initial deposit into a savings account. Simple interest doesn't compound, so a borrower will never have to pay interest on the interest already accumulated because a creditor will only pay interest on the principal amount.

How do I calculate simple interest?

Simplified interest (S.I.) is computed using the following formula: S.I. = P*R *T, where P stands for principal, R for the annual percentage rate of interest, and T for time, which is typically expressed as the number of years. Written as r/100, the interest rate is expressed as a percentage, or r%.

Learn more about Simple Interest: brainly.com/question/25845758

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2 years ago