Replenishing Petty Cash Fund (Accounting)?
Question:
Balance of Petty Cash Fund on March 1, 2007 = $100
Following Expenses occur contained by March
Purchase of office supplies 19.50
Office Cleaning 27.00
Delivery 16.00
Postage 25.00
Miscellaneous 4.50
Total = $92
On March 31 2007, count of petty currency fund shows $5 remaining, how do I account for the missing $3what would be the memoir entry to Replenishing the Petty Cash Fund
Answer:
Debit Office Supply expense 19.50
Debit Office Cleaning expense 27.00
Debit Delivery expense 16.00
Debit Postage expense 25.00
Debit Miscellaneous expense 4.50
Debit Cash Over & Short 3.00
Credit Cash 95.00
To replentish petty cash fund
The single time Petty Cash is debited is whent the fund is started or when the amount is changed.
To vindication for the $3 you need to...
Debit: Missing Petty Cash $3
Credit: Petty Cash $3
Just surrounded by case the $3 turns up you want to create an account for missing lolly. Or depending on your company policy you deduct the $3 from whoever looks after the petty currency, this is unrealistic and can cause legalized problems if more than one person (including yourself/the boss) have access to the petty cash box/tin. The stability of 'missing cash' should be zeroed out and charged to profits at the end of the year, surrounded by essence reducing profits by the amount in the missing bread account and departure missing cash at nothing.
Next... replenish petty cash.
Debit: Petty Cash $95
Credit: Bank/Cash $95
The above finances you're moving $95 from either your edge account or some other currency account to the petty lolly fund. The petty cash depiction will now equal $100 thus replenished.
what is arbitrage opportunity?
Question:
Answer:
Arbitrage is carrying out a simutinious transaction where you enjoy seller and buyer organized to deal through you for a product and you hold the same readily avaialable. The diff. between buying and selling price of the product is arbitrage. It is more frequently or regularly done within Stock Exchanges in buying and selling of scrips. It is also certain as jobbing as your investment is nil.
arbitrage = buying something at a low price and selling it off again at a greater price.
example: movie theatre offer student discount on tickets so a student buys a ticket for $10, adult prices are $15 so the student have the opportunity to buy the cheaper tickets and sell them to adults at a complex price (anywhere between $10 and $15) = arbitrage - the student is making money, movie theatre is losing out.
Naturally companies don't close to this so much. It's also a problem in the forex marketplace
How do you pronounce Goldman Sachs?
Question:
how do you pronounce it?
Answer:
Gold Man Socks
/gohld muhn saks/
Gold Men Sacks
sachs is pronounced "sax"
is nearby any interested buyer who want to buy rattan poles, square core,round core or split rattan?
Question:
Im selling rattan poles, round core, square core or split rattan in different length and sizes from Davao City,Philippines. We can produce surrounded by volume order. If you are interested please notify me through my e letters address at yinyin_777@ yahoo.com.ph
Answer:
My suggestion is that you target scaffolding companies. Although they may not pay as ably as furniture and homeware companies, they will want large volumes of comparatively low pro product that may help go together your order book.
What promotional iitems do populace hold on to and use??
Question:
I'm curious what sort of items people find the most adjectives when it comes to 'freebie' things. I need to promote myself and my indisputable estate career so I obligation something memorable that inhabitants will keep around and even relay others about. Thanks Ya'll!!
Answer:
If your promotional products distributor is creative, he/she should know how to tell you what items appropriation the receipient's attention and what items will be visible and used.
Deal beside a professional distributor who has lots of experience beside these "freebies". You want the investment to pay sour in new/returning clients.
(I am a retired promotional products distributor.)
How do i open market a company base contained by the USA within the UK begineers guide please.?
Question:
Answer:
A well market web site
Get a UK headset VOIP number so that you can be contacted
Advertise in local papers such as Loot if you are small company
Advertise essential to your core market
Remember the cultural differences: e.g. langauge and consumption - Herbal Essence gets laugh at and Pancake Makers bombed!
PS
Can't do Yellow Pages unless you also get a BT phone number
if you hold a product to sell and ponder that some uk customers would be intrested then you see who supply impossible to tell apart or a close to your product range within the uk and send them adjectives the information about your product to the uk supplyers .
if otherwise you are markiting your company then the ashen pages and thomsons is your best bet .
What you entail is a top salesman to help push it bestow me a call you will not find a better saleman than me 07721845805
Try Online hype.
There are a few ways to advertise online that cost you such as PPC and ensign ads.
There are also free ways to flaunt your business online that you may or may not know about.
Here is a intermingle for the 10 best free websites to advertise your business online:
http://advertisesmallbusiness.com/free-o...
I hope this help
How frequent small firms does China enjoy?
Question:
I want exact number and their percentage and also their sales volume
Answer:
10,591,983 small firms
42%
862,309,772,126 Yuan
165 killograms of Alluvial Gold is worth what surrounded by US Dollars?
Question:
how do i get it from Ghana to the US states
Answer:
About 3.5 million USD.
Since gold ingots is a standard worldwide, I would not risk bringing it to the USA but sell it somewhere within Europe. One should be very diligent, people hold been set to be killed for much smaller amount than this. If someone is claiming to be selling such an amount, I would be very evasive.
I've since done a little research and reputable gold ingots brokers WILL NOT do business in Ghana (and some other countries as well)
http://www.goldbuyersagent.com/sma.html...
Is purchasing inventory on picture an example of dosh flow from operating, investing, or financing happenings?
Question:
Answer:
Purchasing on account (i.e. on credit) does not affect dosh flow. Paying for it does, but that wasn't your question.
Is in that a practical route to stop money related crime?
Question:
virtual money versus physical money: proof i worked for it or not?
what if technology was available 4000 years ago, would physical money ever exist? what if money be nothing but an assertion of what i did worked for?
Answer:
Que...
What are you chitchat about...
Do you reflect that people don't use physical money anymore...
You are extremely wrong...
The cash discount is bigger than ever...
The more the government tighten things to receive more tax revenue... the bigger the currency economy become...
I have see this happening surrounded by Australia after the introduction of the GST.
Hurry! Buy 10 gold ingots coins 10 gm respectively every alternate month from reputed jewelry shops.Any comment?
Question:
See The Statesman 5 Mar 07,page 6,column 6
There will be Hyperinflation in the years 2008,2009 and 2010.
Central Govt have a stock of public debt in India more than
Rs 30 lakh crore.If you pocket the debt amount of states it will be increased by another 6000 crores. The external debt is more than
the foreign exchange reserve of 185 billion dollars.The economic
situation is grim and a monetary collapse is possible.
Answer:
Can you enunciate "SCAM" ...nuf said
TRASH
if merchandise is purchased & a down salary is made & the match on credit what accounts do u debit & credit
Question:
Answer:
Debit either the asset side or inventory, depending on what the merchandise is being used for.
Credit change (or checking) for the amount of the down payment
The stability should go to Accounts PAYABLE (not receivable) or set up a separate liability commentary (if it is a credit card or like that).
If you sold the merchandise it would be an entirely different entry.
debit inventory
credit change
credit accounts receivable
At least that's the passageway we do it! :-)
playing shy's answer is very close.
Actually, I feel the error in the answer is simply a typo; it should be accounts payable, not accounts receivable.
You disbursed cash, which reduce an asset account, so you
CREDIT CASH
You received merchandise. If this is for a business explicitly going to sell the merchandise, next it is "inventory" (which is what playing shy assumed). You have increased an asset picture, so you
DEBIT INVENTORY
Finally, you have incurred a debt, or liability by putting the harmonize of the purchase price on credit. This could be accounts payable (as playing shy assumed), or it could be recorded as a loan. In any case, it is a liability. You enjoy increased a liability, so you
CREDIT ACCOUNTS PAYABLE
To make the debit and credits balance, you should hold:
CASH PAID + AMOUNT ON CREDIT = VALUE OF MERCHANDISE
This translates to:
CREDIT TO CASH + CREDIT TO ACCOUNTS PAYABLE = DEBIT TO INVENTORY
How can i deal in?
Question:
i am 11 and i wrote 3 books i want to sell them what should i do where on earth is the best place to sell books? some sites?? places??
Answer:
Publishing House? Im not sure how the book selling publishing works.. but if your book is dutiful enough e-mail it off the a publishing house approaching scholastics..
e-bay
i want natural change?
Question:
You have to try this!
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Additional Details
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2. andrewrossman500@aim.com
3.bearcat@keyway.net
4.taffy_jordan@yahoo.co.uk
5. vikee72@aim.com
6. jojoasis@rock.com
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Answer:
We are not here to read 100000 words to answer a quiz.
What is my situation title? Import/Export Manager?
Question:
I am looking to start up a handicraft import/export/wholesale business on my return to the UK.
I'm currently travelling around Africa approaching businesses looking for partners.
I would approaching to give the nation i meet a business card near my name on, and my "opening title".
E.G Aaron Carson - Import/Export Manager - Africa
I'm not sure what my job title would be?...I'm looking for business lead, buying samples and arranging for exportation to the uk.
Thanks!
Answer:
It is never a worthy idea to paw out cards saying "Business Owner" or "President". All you are doing is giving every salesguy within the world a target to call you and gamble away your time. Also, then you never hold an out of, "I've got to clear this promise with the owner," because they know it's you.
I would christen myself, Director of Business Development, because that is what you are doing.
Good luck!
Hi, I enjoy an import business within the US--I would put "owner" or "proprietor" and then put a mission statement around your business--like "importing and exporting the finest xyz from this module of the world" so they know what your business is all just about. Personally (this might sound snotty) but when I treaty with individuals from other countries, I sometimes feel uneasy if I'm not dealing beside the owner..or at least redirect through the owner to someone else (it depends how big the export houses are you're dealing with).. feel free to email me if you own other questions.. I'm interested to know what crafts you're dealing surrounded by!
I'm not familiar near titles in the UK, but some standard US titles:
Director of Purchasing
Purchasing Manager
Purchasing Manager, Africa
check monster.com using the keywords purchasing, procurement and international