which of the following transactions does not affect cash during a period? course hero

Which of the following transactions will not affect the cash account?

Answer. option (b) cash paid to creditor.

Which one affects cash during a period?

Of the following, which one affects cash during a period? The payment of interest expense accrued in a previous accounting period.

Which of the following is not included in cash book?

Expert-verified answer A cash book is a book of accounts maintained to record cash transactions. It records only those activities which lead to an inflow or outflow of cash. Credit sales are not included because they will generate revenue in the future and do not lead to an inflow of cash today.

What factors affect cash flow?

Five factors that affect your cash flow timingCollection of accounts receivable. An AR represents cash tied up that could have been used to run and grow the business. ... Credit terms and trade discounts. ... Enforcement of credit policy. ... Purchase and sale of inventory. ... Repayment of accounts payable.

What is recorded in the cash book?

A cash book is a subsidiary of the general ledger in which all cash transactions during a period are recorded. The cash book is recorded in chronological order, and the balance is updated and verified on a continuous basis.

What is the order of presentation of activities on the statement of cash flows?

In preparing the statement of cash flows, the correct order of reporting cash activities is Financing, Operating, Investing.

How many types of cash book are there?

There are four types of cash books used for accounting purposes. Let us have a look at the types of cash books. Single column cash book: Single column cash book is also called a simple cash book.

Which of the following represents the first step in preparing a statement of cash flows in the correct order multiple choice question?

List the four steps in preparing a statement of cash flows in the correct order. calculate the net cash flows from the operating activities. determine the net cash flows from investing activities. determine the net cash flows from financing activities. combine operating, investing, and financing activites.

Where should cash inflow and cash outflow be reported?

Cash inflow and cash outflow should be reported separately in the investing activities section.

What is the purpose of a financial advisor?

A. Provide information about the investing and financing activities during a period.

Is accrual less than cash?

A. revenues on an accrual basis are less than revenues on a cash basis.

Is accrual expense greater than cash expense?

Expenses on an accrual basis are greater than expenses on a cash basis.