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
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.

You might be interested in
If during an advertising campaign a certain portion of advertising runs continuously, and then during specific periods additiona
OleMash [197]
Pulsing advertising does exactly that, continuous advertising year round and then a bump in advertising when sells peak. Pulsing<span> combines </span>flighting<span> and continuous </span><span>scheduling.</span>
6 0
3 years ago
Matt and Bree are saving for a new car. At the end of 2013, their total savings was $ 9,500 . In 2014, total savings increased t
Mrac [35]

Answer:

$725

Explanation:

The total savings made by Mat and Bree in year 2014 shall be given as follow:

Total savings in 2014=Aggregate savings in 2014-Aggregate savings in 2013

Aggregate saving in 2014=$10,225

Aggregate saving in 2013=$9,500

Total savings in year 2014=$10,225-$9,500

                                           =$725

5 0
3 years ago
Marina and Nolan formed the MN Partnership. Marina contributed $20,000 of cash in exchange for her 50% interest in the partnersh
Natasha_Volkova [10]

Answer:

A) $25,000.

Explanation:

Marina's adjusted basis for her partnership interest at the end of the year = $20,000 (Marina's cash contribution) + $5,000 (Marina's share in the partnership's net taxable income) - $8,000 (distributions received by Marina) + $8,000 (Marina's share in the partnership's recourse liabilities) = $25,000

8 0
3 years ago
Irving Corporation makes a product with the following standards for direct labor and variable overhead: Standard Quantity or Hou
11111nata11111 [884]

Answer:

the variable overhead rate variance is  $596 favorable

Explanation:

The computation of the variable overhead rate variance is  shown below:

= Standard overhead rate × actual direct labor hour - actual overhead

= $7 × 1,490 direct labor hours - $9,834

= $10,430 - $9,834

= $596 favorable

hence, the variable overhead rate variance is  $596 favorable

3 0
3 years ago
Which of the following is a true statement about the field of manufacturing?
ivann1987 [24]

Out of the above choices, C) manufacturing jobs are expected to decline because of advances in technology. Due to technology advancing in many fields, it is creating a decline for the job because technology, once developed and tested is much cheaper. A, B, and D are incorrect because you can work in the manufacturing field without a college education, the jobs within the manufacturing field vary and can pay more or less than $50,000. There is also workers all over the world who work in manufacturing, not just the immigrant labor force.

6 0
4 years ago
Read 2 more answers
Other questions:
  • Effect of junk status on unemployment
    15·1 answer
  • As a marketing manager for kitch-it-tools, jim is frustrated with the way his organization markets their kitchen utensils. curre
    5·1 answer
  • Anita wants to encourage her classmates to read their textbooks thoroughly. to support her point, she says, "some students think
    13·1 answer
  • What is the net present value of a project that has an initial cash outflow of $7,670 and cash inflows of $1,280 in Year 1, $6,9
    8·1 answer
  • Which of the following statements is correct? Select one: a. Supply curve A is perfectly elastic. b. Supply curve C is more inel
    6·1 answer
  • Which of the following are NOT included in the formal financial analysis of a capital budgeting program?
    12·1 answer
  • An Intermediate license is available to drivers between the ages of _______
    5·1 answer
  • During the month of April, direct labor cost totaled $9,750 and direct labor cost was 30% of prime cost. If total manufacturing
    6·1 answer
  • Give one word for the following.
    8·1 answer
  • The law used by cities and counties for street improvements, in which a typical example would be that the local government hires
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!