50 cash taken from the cash till and banked is entered (A) Debit cash column 50: Credit...
Question:
£50 cash taken from the cash till and banked is entered
(A) Debit cash column £50: Credit bank column £50
(B) Debit bank column £50: Credit cash column £50
(C) Debit cash column £50: Credit cash column £50
(D) Debit bank column £50: Credit bank column £50.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (3 reviews)
The correct answer is A Debit cash column 50 Credit bank column 50 In accounting every transaction i...View the full answer
Answered By
Owino Otieno
My proficiency as a tutor lies in my ability to understand and respond to questions, provide explanations, and offer detailed information on various topics. I can help with academic subjects such as mathematics, science, history, literature, and more. I can also provide assistance with writing, proofreading, and language learning.
I am capable of adapting to different learning styles and can present information in a clear and concise manner. I can break down complex concepts into simpler terms, provide examples and illustrations, and engage in interactive discussions to enhance the learning experience. Additionally, I can offer guidance on problem-solving strategies, critical thinking, and exam preparation.
0.00
0 Reviews
10+ Question Solved
Related Book For
Frank Woods Business Accounting Volume 1
ISBN: 9780273681496
10th Edition
Authors: Frank Wood, Alan Sangster
Question Posted:
Students also viewed these Business questions
-
4. The Brown Fish co. is producing a product X200. The standards call for 5.0 meters of a raw material that costs $19.10 per meter. Last month, 2,700 meters of the raw material were purchased for...
-
Consider the capital budgeting decision to be made with the following data about 2 competing projects. Project A has an NPV of $250, and IRR of 2% and a payback period of 3 years. Project B has an...
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
-
If the protein produced full length antibody, what would be the next step after centrifugation?
-
On January 1, a company borrowed cash by issuing a $300,000, 5%, installment note to be paid in three equal payments at the end of each year beginning December 31. What would be the amount of each...
-
Assume that TJX changes its capital structure so that its market value weight of debt to capital increases to 30%, and its after-tax interest rate on debt at this new leverage level is 3.5%. Assume...
-
Catastrophe Management Solutions is a customer service support center for insurance companies. In 2010, the company put out a help wanted ad for customer service representatives who had basic...
-
Incredibly Fast Transportation (IFT) began 2014 with accounts receivable, inventory, and prepaid expenses totaling $ 56,000. At the end of the year, IFT had a total of $ 59,000 for these current...
-
1 What is HRM 2 What is Training and Developmnt 3 What is Recruitment 4 What is Selection 5 What is HRP 6 What is Job Analysis 7 What is a Career Planning and Development 8 What is Job-Description 9...
-
A credit balance of 200 on the cash columns of the cash book would mean (A) We have spent 200 more than we have received (B) We have 200 cash in hand (C) The bookkeeper has made a mistake (D) Someone...
-
A debit balance of 100 in a cash account shows that (A) There was 100 cash in hand (B) Cash has been overspent by 100 (C) 100 was the total of cash paid out (D) The total of cash received was less...
-
A 1-kg object has kinetic energy of 1 J when its speed is a. 0.45 m/s b. 1 m/s c. 1.4 m/s d. 4.4 m/s
-
6. How can a business protect itself from competitors seeking to pass off their merchandise as that of the business? 7. Explain the "but for" test. 8. Why must a defendant's actions be the cause in...
-
Group Activity: 10 items x 3 points INSTRUCTIONS: 1. Find a partner. 2. For the first 10 minutes, Partner A will work on Problem Number 1, while Partner B will work on Problem Number 2. 3. In the...
-
Beth asked a book store for 50 books for the price of $600, the book store said that they could give beth a discount for the 50 books to come out to a total of $550. I response to this offer beth...
-
Which one of the following statements describes accounting for changes under ASPE? A. ASPE does not require entities to provide a disclosure note about the expected effect on the entities' financial...
-
What are the three most important warranty conditions you would look for? Explain why What is the difference between a full warranty and a limited warranty? Why do tire manufacturers give a limited...
-
Can more than one firm have a competitive advantage in an industry at the same time?
-
TRUE-FALSE QUESTIONS 1. In terms of preliminary analytical procedures, assume that the company has introduced a new product with a low price point and significant customer demand. The auditor would...
-
Arthur deals in bicycles. His business position at 1 October was as follows: Having established good relations with his supplier he is able to obtain bicycles on one months credit. He kept notes of...
-
Explain one difference between a rights issue and a bonus issue of shares.
-
The net present value of a project has been calculated as follows: What is the internal rate of return on the project? A. 10% B. 12.1% C. 17.9% D. 20% 2560 at 10% at 20% duongala yungmin (5) borzam...
-
How would you define intuition? What role does processed information play in intuition? What role does intuition play in practitioner and top management decision making?
-
Edwin Chadwick launched in the 1840s the great sanitary awakening, arguing that filth was detrimental and that a healthy populace would be of higher value to England than a sick one. He had many...
-
You are treating a 15-year-old female client for an eating disorder. She reveals that she is pregnant and does not want you to share this information with her parents. What do you tell her? Following...
Study smarter with the SolutionInn App