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There are a number of reasons why this could happen.
1) The staff could have made a mistake counting the days takings - meaning the actual cash doesn't tally with the till receipt.
2) There may be electronic funds transferred - which would show on the till receipt but obviously there wouldn't be the equivalent cash in the till.
3) The staff have been dishonest and have stolen part of the takings !
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∙ 13y ago
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What is the difference between cash book and cash account?
Cash Account :- 1. Is an account in the ledger. 2. Cash account is part of the ledger. Cash account is opened in the ledger in which posting is done from some book of original entry. 3. In cash account posting is not followed by narration. 4. It only records one aspect of transaction involving cash & bank. Cash Book :- 1. Is a separate book of account forming a part of accounting system. 2. Cash book records entries directly from transaction & there is no need for a book of prime entry. 3. In cash book entries are followed by narration also. 4. It records both the aspect of this transaction in cash & bank columns to complete double entry posting.
What is the difference between a cash transaction and a non cash transaction?
processing a transaction includes involves cash or non transaction and concept of different between two?
Describe how an accurral accounting deferent fom cash accounting?
Accrual accounting records an expense/revenue in the period the transaction occurs. Cash accounting recognizes and expense/revenue when cash is exchanged.
What is entry for salaries paid to employed in tally by cash?
cash salary
How does a cash transaction differ from a credit transaction?
A cash transaction is actually using money you have at the time ; A credit transaction is spending money that you don't actually pay immediately , but at a later date
What are the types of business transaction?
Cash TransactionCredit TransactionBarter TransactionPaper Transaction
Explain the difference between a cash and credit transaction for purchass and sales?
explain the difference between cash and credit transaction
Is payment by check a credit or cash transaction?
Paying by cheque is a cash transaction. Assets: debit =increase credit=decrease
What is meant by transaction?
paper transaction is the transaction against which on credit or cash received or paid it is just in papers
What is meant transaction?
paper transaction is the transaction against which on credit or cash received or paid it is just in papers
A corporation issued 200000 of common stock in exchange for 200000 of fixed assets Where would this transaction be reported on the Statement of Cash Flows?
This transaction would not appear on the statement of cash flows because it is a non-cash transaction. The statement of cash flows only shows transactions that involve inflows and outflows of cash.
What is meant by paper transaction?
paper transaction is the transaction against which on credit or cash received or paid it is just in papers
