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Depending on what it is a counterfoil of, it is most likely the stub part of a cheque book, postal order, money order, etc, where the details of the transaction are recorded.
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What is the cheque counterfoil?
The cheque, or check, counterfoil is the part of the check that is kept by the issuer and it serves as a record of a transaction. The counterfoil is also called a stub.
What is another name for counterfoil?
i think it is "stub"
What is a counterfoil?
Depending on what it is a counterfoil of, it is most likely the stub part of a cheque book, postal order, money order, etc, where the details of the transaction are recorded.
In terms of accounting what is a Paying in slip counterfoil?
i do not now
What is the name of remaining part of the cheque?
The stub or counterfoil.
What is a No Dividend Counterfoil?
A payment to your account from shares held by you.
Is a cheque counterfoil a source document?
Yes, a cheque counterfoil is considered a source document. It provides evidence of a transaction by recording details such as the date, amount, and payee, which can be referenced for accounting and auditing purposes. The counterfoil serves as a record for the issuer of the cheque, helping to track payments and manage cash flow.
What is the source document for the cash payments journal?
Cheque
Why do cheque have a counterfoil?
A cheque has a counterfoil to serve as a record for the account holder, providing details of the transaction such as the date, amount, and payee. This helps in tracking expenses and maintaining accurate financial records. The counterfoil also aids in reconciling bank statements, ensuring that all issued cheques are accounted for. Additionally, it can serve as proof of payment if disputes arise.
What is a check counterfoil in a journal?
A check counterfoil in a journal refers to the portion of a check that is retained by the issuer as a record of the transaction. It typically contains details such as the check number, date, payee, and amount, serving as proof of payment. In accounting, it helps maintain accurate financial records and track expenses. The counterfoil is crucial for reconciling bank statements and ensuring proper documentation for audits.
What is the purpose of a check counterfoil?
A ecord on payment between two people or a bank
What is the uses of Cheque counterfoil?
The cheque counterfoil serves as a record for the issuer, providing a copy of the transaction details such as the date, amount, and payee. It helps in maintaining accurate financial records and tracking expenses. Additionally, the counterfoil can be used for reconciliation purposes, allowing the account holder to verify that the cheque has been processed and deducted from their account. It also serves as proof of payment in case of disputes.
