FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

SUN LLC started a Petty cash fund. During the month the receipts were RO 235 petrol, 125 office stationery, RO 155 staff welfare and RO

SUN LLC started a Petty cash fund. During the month the receipts were RO 235 petrol, 125 office stationery, RO 155 staff welfare and RO 115 travelling and there was RO 30 left in the petty cash box. There was overage in the Petty for RO 10. The Opening balance of Petty cash is
a.
RO 640
b.
RO 650
c.
RO 660
d.
RO 600

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Marketing Audit Guide What It Is Why Your Business Needs One And How To Do It

Marketing Audit Guide What It Is Why Your Business Needs One And How To Do It

Authors: Susan G Tyson

1st Edition

B0C12D3DD6, 979-8388994868

More Books

Students also viewed these Accounting questions

Question

★★★★★
Ito Ltd. receives a local government grant to help defray the cost of its plant facilitates. The grant is provided to encourage Ito to move its operations to a certain area. Explain how the grant...

Answered: 1 week ago

Question

★★★★★
Fixed asset purchases with note OBJ. 1 On June 30, Collins Management Company purchased land for $400,000 and a building for $560,000, paying $360,000 cash and issuing a 5% note for the balance,...

Answered: 1 week ago

Question

★★★★★
What are the four domains of emotional intelligence? Describe three related communication competencies for each domain (see Table 2.3).

Answered: 1 week ago

Question

★★★★★
Reynolds.com uses the allowance method of accounting for bad debts. The company produced the following aging of the accounts receivable at year-end. Instructions (a) Calculate the total estimated bad...

Answered: 1 week ago

Question

★★★★★
Pls Help, MCQ, ACC307: Taxation of companies and partnership ( 1) Yes for YA 2017 but no for YA 2018 Cha Pte Ltd operated a tea house until financial year ended 30/6/17. From 15/7/17 onwards, it...

Answered: 1 week ago

Question

★★★★★
another question there is no investment am For the following cash returns of the project, calculate the Return on Investment in \%, using any one of the two definitions, given in the lecture notes...

Answered: 1 week ago

Question

★★★★★
The standard overhead cost for a product manufactured by SCOMAN1 Corporation is given below: Variable overhead 2hrs@P10/hr Fixed overhead 2hrs@P5/hr Total Standard overhead rate PER UNIT P 20 10 P 30...

Answered: 1 week ago

Question

★★★★★
1/ "An organization can always be sued in the same way as a person." Is that statement true? Explain your answer. 3/ "'Certification' refers to a process or decision that always brings a lawsuit to...

Answered: 1 week ago

Question

★★★★★
Walk & Talk Inc. makes walkie talkies - handheld, portable, two-way radio transceivers. They are used in setting where mobile phone communication may be costly or impractical, including outdoor...

Answered: 1 week ago

Question

★★★★★
Question 17 Assume that a firm has EBIT of $15,584,650, a tax rate of 40.0 percent, total invested capital of $68,600,000, and a weighted average cost of capital (WACC) of 12.904 percent. Given this...

Answered: 1 week ago

Question

★★★★★
How do the following situations illustrate the features of psychological egoism and/or ethical egoism, or how do they illustrate the limitations and challenges to psychological egoism and ethical...

Answered: 1 week ago

Question

★★★★★
Teamwork. As directed by your instructor, meet in a small group to discuss the following questions. (Objective 2) a. How do you feel when a teacher, manager, colleague, or service representative...

Answered: 1 week ago

Question

★★★★★
Technology. During the next conversation you have with a coworker, a family member, or someone not from this class, use paraphrasing at least once. E-mail your instructor to describe the effect...

Answered: 1 week ago

Question

★★★★★
Discuss five ways nonverbal messages could be presented in a positive manner when interviewing for a supervisory position in a business organization.

Answered: 1 week ago

Previous Question Next Question