What is Cashbook: A book in which receipts and payments of money are record,using debit and credit rules. CashBook: In small business where only one person is employed for receipt and payments of cash, only one book is used for recording of cash received and paid this book is called as cash book .Every page […]
What is Cash Receipts Journal & Cash Payment Journal
What is Cash Journal: Cash journal is used for transactions which are petty in nature. (petty cash book). For maintaining petty expenses cash journal transactions are recorded. In cash journal, we need to create business transactions first, like revenue items and expense items based on these transactions we will make postings in cash journal. Method […]
