Ask Experts Questions for FREE Help !
Ask
    mannydiaz27's Avatar
    mannydiaz27 Posts: 7, Reputation: 1
    New Member
     
    #1

    Mar 17, 2008, 03:19 PM
    Finc acct
    The cash account in the depositors ledger is a(n)

    A-asset with a debit balance

    B- liability with a debit balance

    C- liability with a credit balance
    XenoSapien's Avatar
    XenoSapien Posts: 627, Reputation: 42
    Senior Member
     
    #2

    Mar 17, 2008, 03:27 PM
    Please stop posting the same question multiple times. People tend to not answer those who do that.

    XenoSapien
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
    Uber Member
     
    #3

    Mar 20, 2008, 12:42 AM
    The isn't actually the same question, just different questions about the same problem.

    However... manny, you need to read the red announcement at the top of the page. We have a homework help section where you can post questions like this. I personally don't much care whether it's posted here or there, but on homework help is another red accouncement that explains we are not here to just answer your homework problems for you.

    You need to give us your guess at the answer, and since it's multiple choice, an explanation why would be good to have also. This way we can check your work and your reasoning, without actually just answering your homework for you. The goes for all four of your questions.
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
    Ultra Member
     
    #4

    Mar 20, 2008, 12:18 PM
    A-asset with a debit balance

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Lockbox System FINC 321 [ 1 Answers ]

A firm has a daily average collection of checks equal to $250,000. It takes the firm approximately 5 days to convert the funds into cash. Assume a lock-box system could be employed which would reduce the cash conversion procedure to 1 and 1/2 days and the firm could invest an additional cash...

Finc acct [ 1 Answers ]

A$100 petty cash fund contains $92 in petty cash receipts, and $6.50 in currency and coins. The journal entry to record the replishnment of the fund would include a: A) credit to petty cah for $93.50 B) credit to cash for $92 C) debit to cashShort and over for $1.50


View more questions Search