QUESTION IMAGE
Question
what do you specify as the account title when you have reached the end of a journal page to indicate the totals for that page?
totals
brought forward
carried forward
end of journal page
question 18
3 pts
choose the answer.
what is the formula for proving cash?
cash on hand plus cash received minus cash paid equals cash balance
cash on hand minus cash debit column equals checkbook stub balance
cash on hand plus cash credit column equals cash balance
cash balance at the end of the month minus cash on hand at the beginning of the month
Brief Explanations
- For the first question: In accounting, when reaching the end of a journal page to indicate totals, the term "carried forward" ($c/f$) is used. "Brought forward" ($b/f$) is for amounts from previous records. "Totals" is too general without the carry - forward context. "End of journal page" is not a standard accounting term for this purpose.
- For the second question: The formula for proving cash is based on the basic cash flow principle. Cash on hand plus cash received (inflows) minus cash paid (outflows) gives the cash balance. The other options are incorrect as they do not follow the proper cash - flow accounting logic.
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- First question: carried forward
- Second question: cash on hand plus cash received minus cash paid equals cash balance