Why do you think only one account is posted to from the cash book rather than two,

Question:

Why do you think only one account is posted to from the cash book rather than two, which is what happens with postings from the other day books (i.e. the other books of original entry)?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Frank Woods Business Accounting Volume 1

ISBN: 9781292084664

13th Edition

Authors: Alan Sangster, Frank Wood

See More Books

Question Posted: Mar 27, 2024 04:00 AM

See More Questions

Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
Having read the material in Sentence-Level Stylistics, share the following: What was unsurprising? In other words, what did you know or suspect already that you already practice and find easy to...
The Birth of a Companyand an industry On a cold February day in 1886, Charles Martin Hall filled a crucible with a cryolite bath containing alumina and passed an electric current through it. The...
In the Walton Bookstore example with a discrete demand distribution, explain why an order quantity other than one of the possible demands cannot maximize the expected profit.
Pepper Corporation, a public company, reported the following on its July 31, 2016, balance sheet. Long-term investments at fair value through other comprehensive income Hegal Ltd. (5,000 common...
The Department of Transportation wishes to choose between two alternative accident prevention programs. It has identified three benefits to be gained from such programs: ¢ Reduced property...
99 percent per month. In 2014, Boling resolved his suit against the gas can manufacturer. Shortly thereafter, Prospect sent Boling a Schedule of Purchases, asserting that Boling owed Prospect...
Plum Coatings Company purchased waterproofing equipment on January 2, 2011, for $450,000. The equipment was expected to have a useful life of four years, or 10,000 operating hours, and a residual...
Why do economists bother to calculate real GDP? Why can't economists just be satisfied with comparing nominal GDP from one year to the next?
What other advantage can you think of for using a folio column?
Why do you think an overdraft is cheaper than a bank loan?
Charleswood Musical Theatre's season begins in November and ends in April, with a different play each month. In October 2017, Charleswood sold 100 season tickets for the 2017-18 season, for $210...
C) What is the output of the following code? #include void f(); int i = 20; int main() { } int i = printf("%d ", i); (); printf ("%d ", i); (); return 0; void f () { } 5; static int j; if (i <10) {...
A molecule has been classified as a thiol (pKa = 8.7) and a secondary amine (pKa = 11.2), what is the net charge on the molecule's major form at pH values below 4.3 and above 10.5?
3. Correct mistakes and explain each line (7.5pt): dvar int+ UrgentCount; dvan int NormalCount; maxinize 3* UrgentCount _ 1* NormalCount; subject to [ analyst Availability Max: 1* Urgent Count + 2 *...
1. Methanol at 675 deg C enters an adiabatic reactor and is converted as in the reaction below. CH3OH HCHO + HO Assume 100 mols of methanol in the feed. The fractional conversion is 25%.. Calculate...
2. Work out the recurrence relation which describes the number of elementary operations (justify your answer): 0: function RC (non-negative integer n) 1: if n = 0 then 2: return 0 3: if n = 1 then 4:...
Assume that in Atlanta, Georgia, the Earths magnetic field is 52.0 +T northward at 60.0 below the horizontal. A tube in a neon sign carries current 35.0 mA, between two diagonally opposite corners of...
Use the information given about the angles and to find the exact value of: (a) sin( + ) (b) cos( + ) (c) sin( - ) (d) tan ( + ) (e) sin(2) (f) cos (2) (g) sin /2 (h) cos/2 cos = 4/5, 0 < < /2; cos =...
On January 1, 2024, Rick's Pawn Shop leased a truck from Corey Motors for a seven-year period with an option to extend the lease for three years. Rick's had no significant economic incentive as of...
Financial Statement analysis of Roots based on 2021 Financial Results and any filings so far from 2022 (1st and 2nd quarter) (https://investors.roots.com/financials/financial-reports/default.aspx ) ...
Starting in July of 2020, Monail Beauty Salon plans to launch a State of the art, 942 sq. ft. Nail Spa and Salon in North Vancouver to cater to clients...

Why do you think only one account is posted to from the cash book rather than two,

Question:

Step by Step Answer:

Although the cash book is a book of original entry it is also where the cash ...View the full answer

Frank Woods Business Accounting Volume 1

Students also viewed these Business questions