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?
内容
- 0
On 3rd March credit sales were made of $25,000, cash sales of $4,500 were made, and debts outstanding of $3,200 were written off as irrecoverable. What will be the total of entries for 3rd March to the receivables control account? A: Debit $21,800 B: Credit $21,800 C: Debit $26,300 D: Credit $26,300
- 1
At the end of the day, the cash register system shows $3,000 of cash sales, but the count of cash in the register is $2,950. The appropriate journal entry to account for this difference includes: A: Credit to Cash for $50. B: Debit to Cash for $50. C: Credit to Cash Over and Short for $50. D: Debit to Cash Over and Short for $50.
- 2
Current assets are not ( ). A: cash B: expected to be converted to cash within a year C: expected to be used up within a year D: expected to be last beyond a year
- 3
A business must write off an irrecoverable debt of $3,000.What is the journal entry to record this in the nominal ledger? A: Debit Trade receivables $3 ,000; Credit Sales $3,000 B: Debit Sales $3,000; Credit Trade receivables $3 ,000 C: Debit Irrecoverable debt expense $3,000; Credit Trade receivables $3,000 D: Debit Trade receivables $3,000; Credit Sales $3,000
- 4
A company has opening receivables at the start of March of $356,789. 5% of receivables will be written off as irrecoverable debts. Budgeted sales in the month are $875,234 and closing receivables are expected to be $379,365. How much cash is expected to be received from receivables? A: $852,658 B: $834,819 C: $897,810 D: $915,649