0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What is cashbook?
A cashbook is a special subsidiary book which primarily records all cash receipt and cash payments
What is the purpose of preparing a voucher?
To safeguard all cash disbursements
Is commission received debited or credited in the cashbook?
Commission received is credited and cash is debited
What is the purpose of preparing a Control Account?
They check the accuracy of the ledger accounts that they control and help to detect fraud.
What is the purpose of preparing balance sheet?
main objective is to know true and fair view of state of afire of company
What does the cashbook website offer?
The Cashbook website offers the Cashbook software which improves cash management. It is used in many countries such as Germany and the United States or America.
What is cashbook?
A cashbook is a special subsidiary book which primarily records all cash receipt and cash payments
What is the purpose of preparing extended trial balance?
The purpose of preparing extended trial balane is to make adjustments that had not been made when a normal trial balance was extracted. In other word to make adjustments that were omitted for the purpose of preparing an accurate final accounts and the balance sheeet Paul
What is the purpose of preparing a voucher?
To safeguard all cash disbursements
What is difference between cashbook and ledger?
Cashbook and ledger are both accounting records used to track financial transactions, but they serve different purposes and have distinct characteristics: Cashbook: A cashbook is a subsidiary accounting book used to record all cash and bank transactions of a business. It primarily deals with cash and bank accounts, making it a simple and focused record. Entries in a cashbook are typically recorded on a daily basis and include details of receipts and payments. It provides a real-time view of a company's cash and bank balances. A cashbook is considered a part of double-entry bookkeeping, as it records transactions in a balanced way, ensuring that debits equal credits. Ledger: A ledger, also known as the general ledger, is the primary book of accounts that summarizes and categorizes all financial transactions. It includes various accounts, such as assets, liabilities, equity, revenue, and expenses. The ledger is used to post entries from subsidiary books like the cashbook, sales journal, and purchase journal, categorizing them into specific accounts. Transactions in the ledger are typically summarized and posted periodically, such as monthly or annually. The ledger provides a comprehensive overview of a company's financial position and performance. In summary, the key difference between a cashbook and a ledger is that a cashbook focuses specifically on cash and bank transactions, whereas a ledger is a broader and more comprehensive record that contains all accounts and summarizes all financial transactions of a business. The ledger is essential for preparing financial statements and gaining insights into the overall financial health of a company.
What is the purpose of preparing for surgery?
Preparing for surgery helps the patient understand what to expect before surgery and ensures the patient is physically and psychologically ready for the surgery.
What might be the problem if the cashbook balance does not match with bank balance?
no more hookers
Is commission received debited or credited in the cashbook?
Commission received is credited and cash is debited
What is the purpose of Ceridian time and attendance?
The purpose of Ceridian time and attendance is that it automates the collection and computation of hours and streamlines the process of preparing data for payroll.
What is the purpose of preparing a Control Account?
They check the accuracy of the ledger accounts that they control and help to detect fraud.
What is the purpose of preparing balance sheet?
main objective is to know true and fair view of state of afire of company
What is study leave?
'Study leave' is the period of leave granted to a student prior to his examinations, for the purpose of preparing for the examination(s).
