State whether the following statement are True or False: Cash at bank and cash in hand are

Question:

State whether the following statement are True or False:

Cash at bank and cash in hand are examples of personal account.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial Accounting For Management

ISBN: 9789385965661

4th Edition

Authors: Neelakantan Ramachandran, Ram Kumar Kakani

See More Books

Question Posted: Aug 26, 2023 03:42 AM

See More Questions

1. Evaluate whether the following statements are true or false in relation to cash and cash equivalents: I. Demand Deposits forms part as cash just like savings and time deposit. II. Stale checks...
State whether the following statement are True or False: Some companies, instead of having cash on their balance sheet, have a line of credit or bank indebtedness (i.e., negative balance in their...
State whether the following statements are true or false and explain why. (a) It is more difficult to estimate a population proportion precisely if its value is near 0.50. (b) A 2 goodness-of-fit...
As a bakery business continues to grow, cash flow has become more of a concern. The board of directors would like to maintain the market share price, so a discussion ensues about issuing a stock...
1. Find the speed of sound in m/s at 10C at1 atm pressure in dry air. 2. Find the speed of sound in m/s at 35C at 1 atm pressure in dry air. 3. Find the speed of sound in m/s at 23C at 1 atm pressure...
INTERNET EXERCISE Go to the home page of a retailer that you frequent and review its privacy policy. How is this retailer protecting its customers information? Which policies, or lack of policies,...
Economic order quantity A business uses 1000 units of a particular stock item each year. The costs of holding one unit of it for a year are 3 and the cost of placing each order is 30. What is the...
You are in charge of a new product launch. This will be a formal press launch, where the product is introduced by your managing director and the press and major customers have the opportunity to see...
pearl medavoy will invest $8130 a year for 26 yearsin a fund that will earn 10% annual interest. If the first payment into the fund occurs today, what amount will be in the fund in 26 years? If the...
State whether the following statement are True or False: A journal is a chronological record of all transactions, showing the debit and credit of the accounts as affected by the transactions.
State whether the following statement are True or False: Lilly and Co. is an example of real account.
The reasons given by workers for quitting their jobs generally fall into one of two categories: (1) worker quits to seek or take a different job, or (2) worker quits to withdraw from the labor force....
1. Using appropriate examples, compare and contrast the genetic diversity of marine fish species with freshwater fish species (8 marks) 2. Your class went on a trip and discovered a crater lake on...
Find sin(29) given that cos(0) = and 0
Amazing Aquariums began as a class project on new business development. Now that the visionaries behind the idea have graduated, they want to explore their business idea and see if the concept could...
3. Modify the program of Example 05 so that, it takes and prints values using the following two functions respectively. void get (double *&a, int& n); void print (double *a, int n); 4. Following is a...
A company will be financing its operations with and a capital budget is P40,000,000 and a debt-to-equity ratio of 1. The interest rate on company's debt is 10%. The expected return on equity by the...
If the acceleration is 2.00g at the feet, what is the acceleration at the heart? A. 0 B. 0.560g C. 1.40g D. 2.00g 3 20 Angular speed (rpm) 10 40 50 2. 3. 2. Acceleration (g)
What steps must a business take to implement a program of social responsibility?
Fill in the blanks below with the word debit or credit. a. The balance of an asset account increases with a __________ and decreases with a __________. b. The balance of a liability account increases...
The following transactions occur for the Panther Detective Agency during the month of July: a. Purchase a truck and sign a note payable, $15,000. b. Purchase office supplies for cash, $600. c. Pay...
The following transactions occur for Cardinal Music Academy during the month of October: a. Provide music lessons to students for $17,000 cash. b. Purchase prepaid insurance to protect musical...
Your company produces a health magazine. Its sales data for 1 - year subscriptions are as follows: Year of Operation Subscriptions Sold % Expired at Year End 2 0 2 0 $ 3 0 0 , 0 0 0 5 0 2 0 2 1 $ 6 4...
The adjusted trial balance for Tybalt Construction on December 3 1 of the current year follows. TYBALT CONSTRUCTION Adjusted Trial Balance December 3 1 Number Account Title Debit Credit 1 0 1 Cash $...
( US$ millions ) 1 2 / 3 1 / 2 0 1 4 1 2 / 3 1 / 2 0 1 3 1 2 / 3 1 / 2 0 1 2 1 2 / 3 1 / 2 0 1 1 Net income $ 1 4 , 4 3 1 $ 1 2 , 8 5 5 $ 1 0 , 7 7 3 $ 9 , 7 7 2 Depreciation 3 , 5 4 4 2 , 7 0 9 1 ,...

State whether the following statement are True or False: Cash at bank and cash in hand are

Question:

Step by Step Answer:

Financial Accounting For Management

Students also viewed these Business questions