C & CE Flashcards by Paul Robert CPA | Brainscape

Q

Cash

A

unrestricted

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Q

Cash Equivalents

What is the rule?

A

3 month rule (date of purchase)

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Q

Petty Cash Fund

ERA REVERSE

A

Establish
Expense - no entry
Reimburse/Replenish
Adjust at Year-End
Reverse at Beginning of next year

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Q

Bank Reconciliation

A

Bank + DIT + OC = Adjusted Bank Balance

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Q

Proof of Cash

A

Beginning | Increase in Cash | Decrease in Cash | Ending

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Q

Proof of Cash

A

For Beginning and Ending
+ DIT, - OC
+ CM, - DM

For This Month
- Last Month, + This Month

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