1It is a book of account within thedouble entry system.1It is an account outside the double entry system.2Each transaction is recorded here separately in chronological (according to date) order.2Each transaction is not recorded separately - all the transactions are recorded at a time at the end of accounting year in a classified from.3Each entry is followed by narration3No narration is written here.4Ledger reference is recorded here4No ledger reference is recorded5Daily cash balance can be ascertained from this book.5Daily cash balance cannot be ascertained.6All concerns (non-profit seeking and profit seeking) organizations prepare it.6Only non-profit seeking organizationsprepare it.7Whenever a cash transaction takes place, it is recorded in this book. In other words, it is a current account.7It is prepared on the last day of the year. In other words, it is a periodical account.8It is a must.8It is not indispensable - it may not be prepared.
In the ePay function, how can you split a payment between your savings account and your checking account
In the ePay function, how can you split a payment between your savings account and your checking account
i cannot split a payment in this way. i must always just pay from one account.
improve technology is one
give three similarities and three difference between hire purchases and deferred payment
payment in suspense to customers account as receivable account
Cheques, Receipts, Payment invoice, Cash invoice,
Physical payment means you hand over the cash/cheque in person: epayment (short for electronic payment) means you pay over the phone or internet.
There are several cultural differences that can be seen between the United States and Germany. Some of these differences include dining etiquette, driving age, payment options in shopping centers, alcohol laws, as well as the differences in religion and mortality.
Received cash from a customer as payment on account
A merchant account is a type of bank account that allows businesses to accept payments by payment cards, typically debit or credit cards. A merchant account is established under an agreement between an acceptor and a merchant acquiring bank for the settlement of payment card transactions.
"what accounts are affected and how when a payment on account is received from a customer