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What is the maximum cash limit which can be kept in Vault at the end of a day?
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∙ 11y ago
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∙ 11y ago
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Definition of 'cash deposit'?
Cash deposits are moneys that are placed into the bank to be kept safe. There are accounts to keep each of these cash deposits.
What are five important financial records kept in by a medical office?
journal,ledger ,cash receipst journal, cash paymemt journal, day sheet
What is the best way to handle cash flow?
there once was a man from Nantucket, he kept all his cash in a bucket. His daughter, named nan, found a husband and ran. And as for the bucket, Nan`tucket!
What are the books of account kept by small companies?
Purchase bk, purchase returns, sales, sales returns, cash, bill receivable and bill payable
What is impress account?
An imprest account is an account that always has the same balance. There are usually no entries made to this type of account (unless you wanted to increase or decrease the imprest amount). A good example is Petty Cash. You open the account by writing a check for, say $250. (Debit Petty Cash, Credit Cash.) The funds are kept in a locked cash box and used to make small incidental purchases (stamps, donuts for a company meeting, etc.). A receipt or voucher is placed in the cash box for each purchase. The cash box always contains $250 in cash and receipts. When the amount of cash is getting low (perhaps under $20), A check is written (and cashed) to replenish the petty cash box. The debits are to the various expense accounts (Postage, Office Expense, etc.) and the credit is to Cash (just like any other check). Then, the cash box is back to $250 in cash and no receipts (they were attached to the check stub). As you see, there was not a second entry to the Petty Cash account. Some companies will have a separate checking account for Payroll which is an imprest account. The account is opened in the same fashion and each pay period, the exact total amount needed for payroll is transferred to that account. The payroll expenses and tax liabilities are recorded in total (as opposed to posting each individual paycheck) and the offset is to the account where the transfer originated. Again, no entries are made to the imprest account.
Where is cash in a shop kept?
Most of the time it is kept in a cash register.though some keep it in a vault.
Where large amounts of cash is kept?
Safe, vault, bank, under mattress, cash register.
What is special place in a bank where large amounts of cash is kept?
in a vault
What is a special place in a bank where large amounts of cash is kept?
in a vault
Why the armature rheostat of dc is motor kept at maximum resistance position?
It isn't. It is only kept at maximum resistance when the motor is not running. That is done to limit the starting current.
Where are valuables kept?
in a vault
A machine where a customer's money is kept?
there are several: in a shop it is called a cash register, in a bank it is called a till, or a vault, outside of the bank it is called an ATM machine.
Is there a name for where the money is kept in a bank?
vault
The gold was kept in a secure vault?
Fort Knox.
What is the name of a room where money and valuables are kept?
a vault.
What is kept in a vault on mulgrave street in Wellington?
Nine versions of the treaty of waitangi
How do you put vault in a sentence?
The next clue to the treasure's location is safely hidden- in that locked vault! I would like very much to see you vault over the next obstacle.
