At the beginning of the year there was $50 in the cash till and receivables were $2,000. Total sales revenue in the year was $230,000. Receivables at the end of the year were $3,000. Cheques banked from credit sales were $160,000 and cash sales of $50,000 have been banked. There is $100 in the cash till at the year end, but the accountant has discovered that some cash has been stolen.How much cash was stolen during the year?
A: $18,950
B: $19,000
C: $19,950
D: $20,950
A: $18,950
B: $19,000
C: $19,950
D: $20,950
举一反三
- If cash at the beginning of the year was 280, what is cash at the end of the year（） A: -56. B: 56. C: 182.
- Shania suspects that cash is going missing from the cash drawer on her market stall. At the start of the most recent accounting period the cash balance held in the drawer was $500. During the period, all sales were paid for with cash. Shania knows that her cost of sales for the period was $14,000 and that she trades with a mark-up of 50% on cost. Cash banked in the period was $16,000. Legitimate out-of-till expenses were $2,800.At the end of the period, the cash balance held in the drawer was $500.What is the maximum amount of the possible missing cash?<br/>______
- According to the till, today's cash receipts total $5,215. At the end of today the till float is $74.32 and yesterday it was $67.87. Assuming no cash difference how much will be banked from till receipts today? A: $5,215 B: $5,282.87 C: $5,208.55 D: $5,140.68
- At the end of the day, the cash register's record shows $1,250, but the count of cash in the cash register is $1,245. The correct entry to record the cash sales is A: Debit Cash $1,245; Credit Sales $1,245. B: Debit Cash $1,245; debit Cash Over and Short $5; credit Sales $1,250. C: Debit Cash $1,250; credit Sales $1,250. D: Debit Cash $1,250; credit Sales $1,245, credit Cash Over and Short $5. E: Debit Cash Over and Short $5, credit Sales $5.
- A business usually has a mark-up of 20% on cost of sales. During a year, its sales were $90000. What was cost of sales?