Qustions & Answers Qustions & Answers

How is petty cash reported on the financial statements?


How does petty cash affect expenses?


What does it mean to replenish the petty cash fund?


What is the difference between fixed assets and noncurrent assets?


What is the advantage of using historical cost on the balance sheet for property, plant and equipment?


Is it possible for owner’s equity to be a negative amount?


Why is an increase in inventory shown as a negative amount in the statement of cash flows?



Prev 1 | 2| 3| 4| Next

Go Top

Contact us

If you ’re after some specific information let us know, or if you are interested in supporting our work and would like to contribute, you are welcome to make a small donation. It will be a great help and will surely be appreciated.