举一反三
- The working capitalcycle moves from cash to inventory to receivables and back to cash.
- The statement of cash flows should be reviewed for several time periods in order to determine the major sources of cash and the major uses of cash.
- FastForward purchased $25,000 of equipment for cash. The Equipment asset account is _______________ for $25,000 and the cash account is _______________ for $25,000.
- When a company pays a bill, the account Cash will be__. A: No change B: Debited C: Credited
- Matthew Company purchases a trading security for $12,000 cash. The journal entry to record this transaction will include a: A: debit to the Investment in Trading Securities account and a credit to Cash. B: debit to Cash and a credit to the Investment in Trading Securities account. C: debit to Long-term Investment and credit Cash. D: debit to Dividend Revenue and credit to Cash.
内容
- 0
A company receives £500 of cash as an additional investment in the company by its owner, Mary Smith. The company's Cash account is increased and Mary Smith, Capital is increased. Should the £500 entry to the Cash account and to Mary Smith, Capital be a debit or a credit, respectively? A: a debit; a debit B: a debit; a credit C: a credit; a debit D: a credit; a credit
- 1
Guangli Co. Ltd. established a ￥500 petty cash fund several months ago and replenishes it at the end of each month. During the first two weeks of March, ￥285 was disbursed from the petty cash box for miscellaneous items. If a surprise count of the fund is made on March 15, the petty cash box should contain A: ￥500 cash. B: ￥215 cash. C: ￥215 cash left for March plus ￥500 cash for each month since creation of the petty cash fund. D: ￥215 cash and receipts for ￥285 in expenditures.
- 2
If a business proprietor pays their personal income into the business bank account, what is the accounting double entry to record the transaction? A: Dr Drawings Cr Cash B: Dr Cash Cr Sales C: Dr Cash Cr Drawings D: Dr Expense Cr Cash
- 3
In a cash budget, if the cash available before financing falls below the budgeted balance: A: the company should reduce its cash receipts. B: the company can invest the excess cash. C: the company will need additional financing. D: the company is facing bankruptcy.
- 4
中国大学MOOC: A company purchased an equipment by paying $26, 000 cash. When this transaction is recorded, the cash account is debited for $26, 000.