Effect of Accrual Components on Future Cash Flows: Findings and

School: University of Technology Sydney - Course: BUSINESS 26100 - Subject: Accounting

Elijah Zgheyb 13914294 Week 6 Updated 9i. Establishing responsibility ii. Independent verification iii. Physical security iv. Segregation of duties v. Physical security vi. Maintaining adequate documentation 16. Melissa Co Petty cash fund replenishment report as at 31 Jan Petty cash fund750 Less: cash remainingin the fund 278.25 Cash requested toreplenish fund 471.75 Receipts in the fund Parking fees125.25 Postage71 Office Supplies222 Miscellaneous52 Cash short1.5 Total receipts470.25 18a. Deposits in transit at April: $1750 Outstanding cheques at April 30th : #301 for $790, #306 for $1180, #310 for $560 18b. Rolo Bank Reconciliation 30-Apr Balance perBankk statement $8,640 Add deposits intransit $1,750 Deduct outstanding cheques
#301($790) #306($1,180) #310($560) ($2,530) Actual cashbalance $7,680 Balance percompany records 8250 Add: Collection ofreceivables 100 Deduct Monthly servicecharge -130 Error in cheque#308 -360 Actual cashbalance $7,860 18c. General Journal DateAccountsDrCr 30-AprCash100 AccountsReceivable s 100 30-AprMonthlyService Charge Expense 130 Cash130 30-AprAccountsPayables 360 Cash360 19a. HorizontalAnalysisJasmineDanielaVerticalAnalysis JasmineDaniela
=(Y1-Y0)/Y0(Y1-Y0)/Y0CnCE(30-6- 17) $ 18801427 =(1880-2087)/2087(1427-1086)/1 086 TA $2627562169 -9.92%31.40%CnCE(30-6- 17)/TA 7.16%2.30%

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