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guapka [62]
3 years ago
12

There are several reasons why the petty cash fund would experience a shortage or an overage. Determine which of the actions belo

w would result in a shortage or an overage in the petty cash fund. (Check all that apply.)a. The petty cashier overpaid for the amount due.b. The company cashier reduced the petty cash accountc. The petty cashier failed to get a receipt for payment.d. A person receiving disbursement from the fund failed to return change from a transaction.The petty cashier overpaid for the amount due.
Business
1 answer:
Olegator [25]3 years ago
5 0

Answer:

The petty cashier failed to get a receipt for payment.

Explanation:

The account Cash Short and Over is an income statement account (within a company's general ledger) in which shortages or overages of cash are recorded. The Cash Short and Over account might be used by A company to record unexplained differences arising when a company's petty cash fund is replenished.

When it is necessary to replenish the petty cash fund, the petty cashier prepares a statement of payments. Cash usually means only currency and coins. A special ledger account entitled "Change Fund" is used to keep track of day-to-day shortages and overages of cash.

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Ngai Nhung is the sales manager at Hung Technologies. At lunch with the company CEO, Ngai proudly announced that he had negotiat
beks73 [17]

Ngai Nhung is the sales manager at Hung Technologies. At lunch with the company CEO, Ngai proudly announced that he had negotiated a <u>blanket purchase order</u> with a client that represented the customer's long-term commitment to buy components from Hung.

<u>Option: D</u>

<u>Explanation:</u>

Here Ngai announcement means that the firm's consumers with their suppliers are going to enable several distribution dates across a period of time, often structured to reap the benefits of fixed prices which showcase the long-term relation between firm and consumer, thus understood as a blanket purchase order.

It is basically utilized when expendable products are recurrently needed. Blanket orders are commonly used when a consumer purchases large amounts and receives special discounts. Calculating the predicted amount planned by the recipient of the commodity is the toughest part of getting an agreement.

3 0
3 years ago
Suppose that we want the number of male employees in each department making more than $30,000, rather than all employees (as in
DanielleElmas [232]

Answer:

The query may still be specified in SQL by using a nested query as follows (not all

implementations may support this type of query):

SELECT DNAME, COUNT (*)

FROM DEPARTMENT, EMPLOYEE

WHERE DNUMBER=DNO AND SEX='M' AND DNO IN ( SELECT DNO

FROM EMPLOYEE

GROUP BY DNO

HAVING AVG (SALARY) > 30000 )

GROUP BY DNAME;

Explanation:

7 0
3 years ago
A $1 per unit tax levied on consumers of a good is equivalent to
Katen [24]

Based on accounting principles, a $1 per unit tax levied on consumers of a good is equivalent to "a $1 per unit tax levied on producers of the good."

This is based on the idea that the market reaches the exact equilibrium price irrespective of who is accountable for paying the money to the government.

In other words, when the government levies a tax on a good, producers are not exempted from the tax levy because that money will be recouped from the producers' sales or revenue.

Hence, in this case, it is concluded that tax on goods is inevitable to consumers and producers.

Learn more here: brainly.com/question/22680521

7 0
2 years ago
A major difference between ifrs and gaap relates to the revaluation surplus account. retained earnings account. share premium ac
AleksAgata [21]

A major difference between IFRS and GAAP relates to the  A  Revaluation Surplus Account.

A revaluation reserve is an equity account that stores changes in the value of fixed assets. If the revalued assets are subsequently disposed of by the company, the remaining revaluation reserve is credited to the company's retained earnings account.

This reserve is only used when the organization prepares its financial statements in accordance with International Financial Reporting Standards. No revaluation reserve is allowed for companies using generally accepted accounting principles.

A revaluation reserve is an equity account that stores changes in the value of fixed assets. If the revalued assets are subsequently disposed of by the company, the remaining revaluation reserve is credited to the company's retained earnings account.

Learn more about Revaluation here: brainly.com/question/19908089

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3 0
2 years ago
Suppose that a museum of modern art discovers the following: adults are willing to pay $20 per ticket to see a Monet exhibit. St
padilas [110]

Answer:

50%

Explanation:

From the question we have here

If adults would pay 20$

Out of a 100% students:

60% would pay 15

40% would pay 10

If regular price = 20$

We are required to find discount

Discount = (20 - 10)/20 x 100

Discount = 0.5 x 100

Discount = 50%

The museum should offer 50percent discount.

6 0
3 years ago
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