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5 days ago · A cash book is a record of the cash transactions of the business. The main purpose of the cash book is the effective management of cash. It provides the necessary information to the users of the cash book, helping in knowing cash balance and cash position on a particular date and time.
1 day ago · Customer payments, sales revenue, investments, loans, etc, Operating expenses, salaries, supplier payments, customer refunds, etc. Purpose. The main purpose of pay-ins is to allow a business to realise its cash inflows. The main purpose of payouts is to allow a business to disburse its cash outflows. Impact on cash flow.
3 days ago · The balance sheet shows a snapshot of your assets and liabilities at a specific point in time. But you’ll notice it doesn’t show the amount of cash that was spent, nor the profit or revenue generated. This is because the balance sheet doesn’t show your actual financial activity across a period of time.
1 day ago · Revenue generated from merchandise sale. Explanation: In this scenario, cash (an asset) increases, so we debit it for $50. Sales revenue (an equity account) also increases, so we credit it for $50. Example 2: Paying Rent Expense. Transaction: A company pays $1,000 in cash for monthly rent.
5 days ago · Notes payable (sometimes called loans payable) refer to the balance of principal still outstanding on a loan that must be paid back to the lender. This includes any loan agreements like bonds, mortgages, leases, or lines of credit. On a company’s balance sheet, notes payable are listed as a liability since they represent money owed.
2 days ago · Definition of interest. In simple words, interest is a fee paid or owed on a specific amount. On loans, mortgages, and credit cards, it is an amount you owe on top of what you already have to pay ...
5 days ago · 4-4 The Balance of Payments- Importance for MNC • BOP data is important for business managers, investors, consumers, government policymakers and MNC as it is a gauge of a nations competitiveness or health (domestic and/or foreign) • For a MNC both home and host country BOP data is important as: • An indication of pressure on a country’s foreign exchange rate • A signal of the ...
