Post by account_disabled on Mar 12, 2024 1:59:19 GMT -8
The cash in the form of cash prepared by the company to pay various expenses whose value is relatively small and it is not economical to pay by check. Petty cash is cash in the form of cash provided by the company to pay costs which if paid by check are relatively small and uneconomical. There are two ways to record petty cash namely Imprest Fund Method Fixed Mutual Fund Method A method of collecting and controlling petty cash where the amount of petty cash is always determined because the replenishment of petty cash will be the same as the amount used.
Wave method Method of recording and controlling petty cash where Job Function Email List the amount of petty cash will always change according to expenditures receipts and additions to petty cash. In this system the petty cash manager records every expenditure or increase in the petty cash fund in the petty cash book which will be used as a basis for posting to the general ledger estimates. Cash Reporting For this reporting you can do it directly. However in its implementation several problems can occur. Although cash reporting can be done directly there are also problems with cash reporting.
Questions related to cash reporting are divided into three parts namely What are the things that often occur and need to be paid attention to in cash reporting Cash Equivalents Cash equivalents or commonly called cash equivalents are a group of company assets with a maturity of less than three months. This cash equivalent will be very useful when used in difficult and unstable economic conditions. Government Debt Securities SUN and State Treasury Notes. Often referred to as cash equivalents this is a group of company assets whose maturity is less than three months. Restricted Cash Restricted cash is cash that is intended to be reserved for significant future liabilities. The following example illustrates your understanding Companies are required.
Wave method Method of recording and controlling petty cash where Job Function Email List the amount of petty cash will always change according to expenditures receipts and additions to petty cash. In this system the petty cash manager records every expenditure or increase in the petty cash fund in the petty cash book which will be used as a basis for posting to the general ledger estimates. Cash Reporting For this reporting you can do it directly. However in its implementation several problems can occur. Although cash reporting can be done directly there are also problems with cash reporting.
Questions related to cash reporting are divided into three parts namely What are the things that often occur and need to be paid attention to in cash reporting Cash Equivalents Cash equivalents or commonly called cash equivalents are a group of company assets with a maturity of less than three months. This cash equivalent will be very useful when used in difficult and unstable economic conditions. Government Debt Securities SUN and State Treasury Notes. Often referred to as cash equivalents this is a group of company assets whose maturity is less than three months. Restricted Cash Restricted cash is cash that is intended to be reserved for significant future liabilities. The following example illustrates your understanding Companies are required.