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
kramer
3 years ago
8

State two reasons for maintaining a petty cash

Business
1 answer:
Elanso [62]3 years ago
5 0

Explanation:

the main advantages are:: reduction in numbers of translations many expenses of small nature recorded in petty cash book, the number of transactions reduced in the cash.

reduction of errors :: as the head cashier check the accounts of previous month and gives advance for the coming months, does ,errors if any are reduced.

You might be interested in
.
Kaylis [27]

Answer:

um maybe C

Explanation:

5 0
3 years ago
When the purpose of cost allocation is to provide information for economic decisions or to motivate managers and​ employees, whi
natulia [17]

Answer:

The correct answer is C) the cause-‐‑and-‐‑effect and the benefits-‐‑received criteria.

Explanation:

In general, the costs that are collected in the accounts serve three general purposes:

  1. Provide cost reports to measure utility and evaluate inventory (income statement and balance sheet).
  2. Offer information for the administrative control of the operations and activities of the company (control reports).
  3. Provide information to support planning and decision making (analysis and special studies).

Control constitutes the management for the fulfillment of the proposed goals, while cost reduction refers to the effort aimed at achieving a decrease in the levels or magnitude of the costs. The cost of the quality of a product represents the work that requires the identification and administration of the necessary expenditures to maintain an adequate degree of quality, that is, the supervision of compliance with the rules of its design and its specifications.

6 0
3 years ago
What are some reasons that a business would borrow funds
algol [13]

Answer:

Start up costs have to be paid. Before a single sale can be made, there needs to be something to sell. ...

Working Capital is Needed to Keep Cash Flowing. ...

Use The Investment To Make More Than It Costs To Borrow. ...

Borrowing Money Reduces Personal Risk. ...

Insufficient Funds.

Explanation:

5 0
3 years ago
On July 1, R. Selleck and M. Monroe formed a partnership to provide legal services to clients. Selleck's investment is $10,000 c
aleksley [76]

Answer:

See explanation section

Explanation:

Journal entry to record R. Selleck's Investment is as follows:

Debit Cash $10,000

Debit Office Equipment $5,000

Credit Capital, R. Selleck $15,000

Since he provides cash and office equipment, both the investment will be considered as capital of R. Selleck. Since he does not take any loan to provide money to the partnership business, no entry is made for loan.

7 0
3 years ago
Steve is a salesperson for a large consumer products manufacturer. Steve has just taken over at new territory and is looking to
VladimirAG [237]

Answer:

The correct answer is letter "C": A strategic prospecting plan.

Explanation:

A strategic prospecting plan refers to the effort salespeople make when identifying and analyzing the market to spot new customers or to engage existing clients in the purchase of additional products offered by their firm. The idea of this approach is always reaching potential consumers faster than competitors.

7 0
3 years ago
Other questions:
  • If Sheridan Company issues 7500 shares of $10 par value common stock for $375000, the account Paid-in Capital in Excess of Par V
    13·1 answer
  • An ad agency creates two ads for a particular car. one stresses the car's safety and gas mileage; the other simply shows how fun
    6·1 answer
  • MC Qu. 112 A company is considering... A company is considering the purchase of new equipment for $105,000. The projected annual
    15·1 answer
  • Does the National Labor Relations Act give an employer the right to plead with workers to
    14·1 answer
  • Which of the following is NOT true of capital productivity? a. Changing the way a firm handles inventory to reduce capital expen
    11·1 answer
  • Duck, an accrual basis corporation, sponsored a rock concert on December 29, 2018. Gross receipts were $300,000. The following e
    13·1 answer
  • What is a box braid
    15·1 answer
  • The new Fore and Aft Marina is to be located on the Ohio River near Madison, Indiana. Assume that Fore and Aft decides to build
    15·1 answer
  • Would you want to work for a company that has chosen to be a conscious marketer? Why or why not? Support your decision by discus
    13·1 answer
  • What are the four basic factors that effect workplace safety?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!