If Petty Cash record shows receipts of OMR 300, payments to totaling OMR 245 and there is OMR 60 in the petty cash box fund, then petty cash a Is over by OMR 5 Ob Is over by OMR 10 Oc is short by OMR 10 Od Is short by OMR 5 If Petty Cash record shows receipts of OMR 300, payments to totaling OMR 2...

Option d is the correct answer Explaination Petty cash is a small amount of di ...

If Petty Cash record shows receipts of OMR 300, payments to totaling OMR 245 and there...

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

Question:

Related Book For answer-question

Accounting Information Systems basic concepts and current issues

ISBN: 978-0078025334

3rd edition

Authors: Robert Hurt

See More Books

Posted Date: Jun 06, 2022 04:07 AM

See More Questions

A small company maintains a petty cash fund for minor expenditures. In February and March 2014, the following transactions took place: a. The fund was established in the amount of $200.00 on Feb. 1...
The petty cash fund of Fonzarellis Auto Repair Service, a sole proprietorship, contains the following. The general ledger account Petty Cash has a balance of $300. Instructions Prepare the journal...
The following data pertain to the petty cash fund of Stanton Company: 1. The petty cash fund was established on an imprest basis at $250 on March 1. 2. On March 31, a physical count of the fund...
Day and Night formed an accounting partnership in 2014. Capital transactions for Day and Night during 2014 are as follows: Partnership net income for the year ended December 31, 2014; is $68,400...
Explain how ratio analysis and industry comparisons can be useful to the auditor in identifying potential risk of material misstatement on an audit engagement. How can such analysis also help the...
A 0.2-m-long and 25-mm-thick vertical plate (k = 1.5 W/m K) separates the hot water from the cold air at 2C. The plate surface exposed to the hot water has a temperature of 100C, and the surface...
Fill in the Blank. The velocity with which a representative point moves along a trajectory is called the ___________ velocity.
Hart Computer Company has been purchasing carrying cases for its portable computers at a delivered cost of $68 per unit. The company, which is currently operating below full capacity, charges factory...
h. XYZ Company declared a 296 stock dividend on common stock ($3 par). (Pretend there are 10,000 shares of common stock outstanding and that the current market value of a share of a common stock on...
3. [10 points] - A rod of mass m, length L and centroidal moment of inertia Ic = mL is pinned at one end O. At the other end of the rod a small spherical particle of mass m is attached. The rod is...
7/1 owner put in 50g into company 8/1 company signed 10 year lease for space beginning 9/1. Rent 5g/mo. At signing company paid the first 6 months of rent + a 2 month security deposit. 10/1 Company...
Joe Inc. acquired 10% of Jill Corp. on January 2, 2024, for $90,000 when the book value of Jill was $1,000,000. In 2024, Jill reported a net income of $215,000 and paid dividends of $50,000. The book...
Write a method maxMagnitude() with three integer parameters that returns the largest magnitude value. Use the method in the main program that takes three integer inputs and outputs the largest...
You have been given three data definition classes, Home, New build, and FixerUpper. NewBuild and FixerUpper ectend the Home Superclass. All three classes are concrete classes. Your client states that...
Briefly explain why it is that firm 1 could increase its individual profits by increasing production from the cartel solution but that cartel itself could not increase profits by increasing production
provide program called FindSmallest to create a 1D array with 10 integer variables. The value of each integer variable in the 1D array is a random number between 1 and 100. After the 1D array is...
Can you please explain an introduction and direction of what type of leadership style on Work From Home (WFH) initiative and the most effective leadership styles needed to continue success of the...
The Zwatch Company manufactures trendy, high-quality moderately priced watches. As Zwatch's senior financial analyst, you are asked to recommend a method of inventory costing. The CFO will use your...
a. What four common classifications are often associated with computer crime? b. What computer crimerelated risks and threats are associated with information systems? c. What categories are commonly...
a. Data flow diagrams incorporate four symbols. Identify those symbols and suggest how each might be applied in the Netcom case. b. Netcom would need to maintain a database of customer records; that...
a. The Geek Squad ( www.geeksquad.com ) offers a variety of telephone, in-office, and in-home computer services. When a call for assistance comes into their 800 number, the Geek Squad determines its...
Two cases of data concerning production costs, other expenses and sales are presented below. Required (a) Calculate the missing amounts for the letters (a) to (l). (b) Using the data in Case 1,...
An analysis of the accounts of Small Appliances Pty Ltd reveals the following manufacturing cost data for the month ended 30 June 2025. Required (a) Prepare the cost of goods manufactured schedule...
The following accounts and amounts (balances are normal balances) were taken from the records of New Manufacturers at 30 June 2025. Required (a) Prepare a cost of goods manufactured statement for the...

If Petty Cash record shows receipts of OMR 300, payments to totaling OMR 245 and there...

Question:

Expert Answer:

Option d is the correct answer Explaination Petty cash is a small amount of di... View the full answer

Accounting Information Systems basic concepts and current issues

Students also viewed these accounting questions