All categories

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

You might be interested in

Managers at the department store have _____________ because if an employee is late for a shift two times in a month, the manager

loris [4]

It is Coercive power

3 0

2 years ago

Imagine that you and a friend have developed a new sneaker and would like to manufacture the sneaker and sell it to Foot Locker.

Zinaida [17]

Answer:

biasnnsjzsnsnjsksslsllshsbsbjzkzmsnam

6 0

2 years ago

The Draper Corporation is considering dropping its Doombug toy due to continuing losses. Data on the toy for the past year follo

IRISSAK [1]

Answer:

The Draper Corporation would be indifferent between continuing and discontinuing of Doombugs at 20,000 units.

Explanation:

The draper should be indifferent at the level at which they covered all of their Fixed Cost.

The sales price per unit is ⇒ 150,000/15,000 = 10 per unit

The Variable cost per unit is ⇒ 120,000/15,000 = 8 per unit

The Break-even units for Draper should be:

Break-even units = Fixed Cost

Sale price - Variable Cost

Break-even units = 40,000

10-8

Break-even units = 40,000

Break-even units = 20,000 units

4 0

3 years ago

On January 1, Hillcrest Co. acquired a 40% interest in Preston, Inc. with the excess of purchase price over book value solely at

olasank [31]

Answer:

C. $190,000

Explanation:

As per the given question the solution of Income reported on Income statement is provided below:-

here, we ill find first share in equity income and depreciation expenses on undervalue equipment to reach the i ncome reported on Income statement

Share in equity income = Net income × Interest

= $500,000 × 40%

= $200,000

Depreciation expenses on undervalue equipment = undervaluation ÷ Number of years × Interest

= $250,000 ÷ 10 × 40%

= $10,000

Income reported on Income statement = Share in equity income -Depreciation expenses on undervalue equipment

= $200,000 - $10,000

= $190,000

4 0

2 years ago

Troy filed a good faith complaint of discriminatory harassment against his supervisor, Cynthia. One day after receiving notice o

Paraphin [41]

Answer:

Of course this is a retaliatory action. Troy filed a complaint for discriminatory harassment against Cinthia and she answers back by discriminating against Troy even more. All she needed to do was stop discriminating against Troy, she wasn't supposed to increase discrimination against him. This is an example of what shouldn't happen.

Explanation:

5 0

3 years ago