1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kati45 [8]
3 years ago
8

The petty cash fund had an initial imprest balance of $ 220. It currently has $ 18 in​ cash, $ 3 in miscellaneous petty cash​ ti

ckets, and an additional $ 191 in specific petty cash tickets. The debit to Cash Short​ & Over would be​:
Business
1 answer:
Svetradugi [14.3K]3 years ago
4 0

Answer:

The debit to Cash Short​ & Over would be​:    $ 8

Explanation:          

                           Particulars              Debit              Credit                                                    

                         Cash                         $ 18

                        Miscellaneous           $ 3

                       Additional Tickets      $ 191

                     Cash Over and Short     $ 8

                                    Petty Cash Fund                    $ 220

Sometimes a petty cashier fails to get a receipt for a payment or over pays for the amount due. When this occurs and the fund is later reimbursed the petty cash payments report plus  the cash remaining will not total to the fund balance . This mistake causes the fund to be short. This shortage is recorded as an expense in the reimbursing entry with a debit to Cash Short​ & Over .

You might be interested in
What is the advantage of Federal Loans over Private Loans? A. Federal Loans have fixed interest rates and Private Loans can have
iVinArrow [24]
The best answer for this question would be A. :) 
5 0
3 years ago
Assign each of the following to the correct category: A full-time college student multiple choice 1 Employed Unemployed Not in t
drek231 [11]

Answer:

unemployed

employed

Explanation:

8 0
3 years ago
Which one of the following should NOT be included in the project analysis of the manufacturing of a new product? A) Change in ne
trasher [3.6K]

Answer:

Option(c) is the correct answer to the given question

Explanation:

The project analysis means finding the cost of project ,project is working properly as the customer need and other factor are used to check the manufacturing of new product.

Following are features of project analysis in the new product

  • Improve in net working capital of associated with the release of a new program.
  • The capital expenditures of a new project which work in the favour of a company's business working capital.
  • The variations in the working capital of a company with or without a specific project.

All the other option are related to project analysis of the manufacturing of a new product that's why they are incorrect according to the question .

3 0
3 years ago
Read 2 more answers
A firm that uses an international division structure sometimes experiences intra-organizational conflict because ________
AfilCa [17]

Answer:

Explanation:

A firm that uses an international division structure sometimes experiences intra-organizational conflict because more resources and management attention tend to get channeled toward the international division than toward the domestic divisions

3 0
3 years ago
Malmedy Corporation uses the FIFO method in its process costing system. The following data pertain to operations in the first pr
klasskru [66]

Answer:

beginning WIP                800

Question: which are the physical units in the beginning work in process inventory?

Explanation:

The beginning WIP and the started and completed untis will be the total transferred units.

<u><em>We first, solve for the start and completed: </em></u>

Unit Stated                     25,200

Ending WIP(incomplete)<u>  2,000   </u>

start and complete        23,200

<em><u>Now, we solve for the WIP: </u></em>

<em><u /></em>

Transferred units      24,000

start and complete<u>  (23,200)  </u>

beginning WIP                800

7 0
3 years ago
Other questions:
  • Proton corp. is an automobile manufacturer known for producing efficient, durable, and low-priced cars. recently, the company la
    10·1 answer
  • How much more do you spend on purchases when you use credit vs. cash ?
    6·1 answer
  • The price elasticity of demand for tickets to local baseball games is estimated to be equal to 0.89. In order to boost ticket re
    5·1 answer
  • Demand for traditional fast-food providers such as McDonald's, Burger King, and Wendy's has been on a decline in recent years. C
    10·1 answer
  • Comet Company is owned equally by Pat and his sister Pam, each of whom hold 100 shares in the company. Comet redeems 50 of Pam's
    14·1 answer
  • A firm has a Cobb-Douglas production function for its inputs of capital and labor. The firm is currently paying $4 per labor hou
    12·1 answer
  • A cut in direct taxes on households' income
    8·1 answer
  • Bach Co. had an inventory balance of $15,250 on January 1, purchased $34,000 during the accounting period, and the cost of goods
    9·1 answer
  • Values related to pease are
    8·1 answer
  • Your company needs to cut costs. As the VP of Operations you have been tasked with cutting a middle management position from one
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!