0
A cash receipts journal can be used to record all transactions involving cash coming into the business regardless of the source?
Wiki User
∙ 16y ago
NO..YOU WILL ALWAYS HAVE TO KNOW THE SOURCE THE RECEIPTS..BEFORE YOU CAN CLAIM A MISTAKE OR SOMETHING...IM 14 YEARS OLD
Wiki User
∙ 16y ago
Add your answer:
Earn +20 pts
Transactions recorded in the cash receipts journal?
Transactions recorded in the cash receipts journal are, all receipts of cash.
What is role of bookkeeper?
The bookkeeper central role is to record the financial transactions occurs with in the business. Transactions include purchases, sales, receipts and payments by an individual or organization. The accountant creates reports from the recorded financial transactions recorded by the bookkeeper and files forms with government agencies.
How can you maintain reconciliation of ATM transaction?
Keep ATM receipts. Check ATM receipts against bank statement. Ensure the balance on the bank statement is correct, and all transactions have been reconciled.
When were receipts invented?
We don't know and we never will. Receipts have been used since language existed. Which is thousands and thousands of years ago. They were used in many business transactions in many cultures around the world, and were not always on paper. In Ancient Babylon, for example, business transaction receipts have been found by archaeologists written on clay tablets. While the clay was still wet, the buyer and seller both signed the tablet and added their fingerprint alongside their signature. (Yes, the Babylonians used fingerprints before we did in the Western world).
Do you need to keep receipts when using a business charge card?
It is a very good idea to keep receipts when using a business charge card. You need to be able to justify all of your purchases made on a company card, and keeping receipts is a great way to ensure you can do this.
Transactions recorded in the cash receipts journal?
Transactions recorded in the cash receipts journal are, all receipts of cash.
Fax and its use by individual and office?
Fax plays a major role in making business transactions. It transmit copy or image of important documents such as receipts, contracts and other legal documents necessary for business transactions.
Book keeping services would be used to record what?
Bookkeeping services are used to record the financial transactions of a business. These transactions include payments by an organization or individual, purchases, sales and receipts.
What are the purposes of a fax machine in a business?
Fax machine is used to send and receive a copy or image of important documents such as contract, receipts, legal documents and forms necessary in business transactions.
What is role of bookkeeper?
The bookkeeper central role is to record the financial transactions occurs with in the business. Transactions include purchases, sales, receipts and payments by an individual or organization. The accountant creates reports from the recorded financial transactions recorded by the bookkeeper and files forms with government agencies.
How and when is fax used?
Fax is used when you need to send or receive a copy of documents. Usually enterprises use this to transmit legal documents, forms and receipts necessary in business transactions.
Which is a true statement about receipts in dts?
Receipts are mandatory for all expenses of $75 or more regardless of expense type.
What is the capital receipts and revenue receipts?
REVENUE RECEIPTS* Receipts related to NORMAL ACTIVITIES of the business* Credited as revenue to Trading and Profit & Loss Account* Examples: receipts from sales of goods and services, rent, commission and interest on bank deposits received by the businessCAPITAL RECEIPTS * Receipts derived from activities which are not part of the normal trading activities of the business* Appears as capital or liabilities in the Balance Sheet* Examples: receipts of cash brought in by partners, shareholders, debenture holders and bank loans
How can you maintain reconciliation of ATM transaction?
Keep ATM receipts. Check ATM receipts against bank statement. Ensure the balance on the bank statement is correct, and all transactions have been reconciled.
When were receipts invented?
We don't know and we never will. Receipts have been used since language existed. Which is thousands and thousands of years ago. They were used in many business transactions in many cultures around the world, and were not always on paper. In Ancient Babylon, for example, business transaction receipts have been found by archaeologists written on clay tablets. While the clay was still wet, the buyer and seller both signed the tablet and added their fingerprint alongside their signature. (Yes, the Babylonians used fingerprints before we did in the Western world).
Which form of business organization is dominant in terms of business receipts and net profits?
Corporations
Do you need to keep receipts when using a business charge card?
It is a very good idea to keep receipts when using a business charge card. You need to be able to justify all of your purchases made on a company card, and keeping receipts is a great way to ensure you can do this.
