0
I do not believe that it is legal to not accept 'legal tender', that is, US bills and coins, with the exception of the penny.
Anything could have changed under the current government, however, and we very well might not even know about it . . . . . .
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
What journals do you use to record purchases on account purchases for cash and cash payments?
Purchases journal is used to record purchases on account while Cash payment journal is used to record purchases for cash and cash payments.
What is entry of credit and cash purchases?
Debit Purchases Credit Cash
What does Purchases journal?
Purchase journal is used to record "Credit Purchases" for resale purpose like supplies from suppliers and hence no cash purchases are recorded as cash purchases are recorded in cash payment journal.
What are the benefits of using an American Express credit card?
Earn 3% Cash Back at U.S. supermarkets, up to #6,000 per year in purchases (then 1%); 2% Cash Back at U.S. gas stations; 2% Cash Back at select U.S. department stores; and 1% Cash Back on other purchases.
Benefit of cash purchases?
Cash purchases can stay ' under the radar '. Cash purchases can be hard to identify and leaves no paper trail or digital evidence. A cash purchase does not involve any transaction fees for both ends.
What stores take cash as payment?
All the stores take cash as payment in every branch. People get bribed and could get victim of a street robbery. Herefore, is it better to pin your amount then pay cash.
What is difference between a cash payment journal and a purchases journal?
a cash payment journal is used to record only cash payment transactions where as the purchases journal is used to record ONLY purchases on account transactions
Smart and Final Inc200.00 smart cash card?
Smart and Final cash card is the same as using cash. It's got a balance on it and you can use it to make purchases until the balance runs out. It must be used at Smart and Final stores.
What is journal entry for cash purchase?
[Debit] Purchases [Credit] cash / bank
How do you record journal entry for purchases?
debit purchases / goodscredit cash / bank / accounts payable
Do you have to pay interest on a Cash Advance?
If you take a cash advance from a credit card you do have to pay interest. It is usually a higher interest rate than your card normally charges for purchases.
Where are handbag purchases made?
Historically, women have made most of their handbag purchases at boutique specialty stores and department stores
