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3 years ago

A company set up a petty cash fund with $800. The disbursements are as follows:

Business

1 answer:

kkurt [141]3 years ago

3 0

Answer:

The correct option is B,cash at bank.

Explanation:

In creating the fund,cash of $800 needs to made available to the petty cash account.

In order to achieve this,the cash is moved from the cash at bank to petty cash which effectively means that the cash at bank the giving account should be credited while the receiving account,the petty cash account is debited.

Option B is correct since it is the account meant to be credited in order that the petty cash fund account can be created

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3 years ago

a manufacturer reports the following costs to produce 11,000 units in its first year of operations: direct materials, $11 per un

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The total product cost per unit under absorption costing is: $75.

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1 year ago

Blossom Company acquired a plant asset at the beginning of Year 1. The asset has an estimated service life of 5 years. An employ

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Answer:

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3 years ago

Ralph Watkins owns a large home on a two-acre lot in Tempe, Arizona. Watkins has much of the lot covered with tiff grass and is

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Answer:

Explanation:

The bugs and pests from Watkins grass clipping pile are a menace to his neighbour Brown.

Brown has tried extermination but the source of the problem, which is still there, makes his efforts futile.

Brown now has the right to seek an injunction - a court order controlling or restricting a person's behaviour - against Watkins on the basis of nuisance.

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3 years ago

Phipps Company borrowed $25,000 cash on October 1, 2016, and signed a nine-month, 8% interest-bearing note payable with interest

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Answer:

The correct option is C,$500

Explanation:

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The accrued interest is to be debited interest expense because it is an increase in expense and credited to interest payable as a liability

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3 years ago