answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: Which business process area maintains GL accounts processes Journal Vouchers performs periodic cash balancing activities and conducts period?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Accounting

Which business process area maintains GL accounts processes Journal Vouchers performs periodic cash balancing activities and conducts-end and year-end closings?

Which of the following is NOT an activity of the Asset Accounting sub-process


What is Importance of vouchers in accounting for business performance?

Vouchers help to keep things in order. You can use them to find out who is spending what money and if it is being used wisely.


How do you prepare vouchers?

Is debit Voucher used for Payment?


What are the various types of accounting vouchers?

The various vouchers prepared for accounting receipts and issue transactions are summarised below. RECEIPTS: Stores received are accounted for either on Receipt Vouchers or on certified Receipt Vouchers. Receipt vouchers are used to account for stores received from other establishments/ units/ Depots etc., based on quantities shown in their respective issue vouchers. Thus, in respect of each Receipt Voucher, there will be a corresponding issue Voucher from the consignor. However, stores received direct either by local purchase or by central purchase etc., are accounted for on Certified Receipt Voucher (CRV). CRVs are also used for accounting surpluses found in stock taking. Thus, CRVs are used when there are no corresponding issue vouchers or when no departmental consignors are involved. ISSUES: All transactions relating to issues (Free issues, Payment issues, Loan issues) will be supported by issue vouchers. The vouchers will show separately, where prescribed, serviceable, repairable and unserviceable articles except articles of clothing and necessaries, which will be conditioned as either serviceable (new) part worn or unserviceable. As in the case of receipts, issues are also accounted mainly either on Issue Vouchers (IVs) or Certified Issue Vouchers (CIVs). Issue vouchers are made based on indents / demands etc., and will always have a corresponding receipt voucher of the consignee. Unlike Ivs, CIVs are made to account for Final issues like issues for consumption, issues on payment etc., In addition to the RVs and IVs, the following types of vouchers are also used in store accounting. 1. Adjustment Vouchers: Changes in condition while in stock, will be accounted on Adjustment Vouchers provided no negligence is involved. # Prepared to account for receipt and issue of stores wrongly received in Store Depots. # Nominal Vouchers: Prepared to account for stores expended in manufacturing / repair jobs etc and also for accounting losses authorised in day to day operations, as provided in the Regulations. # Expense Vouchers: # Loss Statements:To write off stores lost either due to theft / fraud / neglect or otherwise under the orders of the CFA.


What are receipt vouchers?

A receipt is a written acknowledgment of having received an item of a specific value. Most receipts or vouchers will have an outline of the purchase, the date of purchase, the value of the purchase and any/all information by the seller.

Related questions

Which business process area maintains general ledger accounts processes journal vouchers performs periodic cash balancing activities and conducts period-end and year-end closings?

Financials


What business process area maintains general ledger accounts processes journal vouchers performs periodic cash balancing activities and conducts pedriod-end and year end closings?

Financials


Which business process area maintains general ledger accounts processes journal vouchers performs periodic cash balancing activities and conducts period end and year-end closings?

Financials


What business process area maintains general ledger accounts processes journal vouchers performs periodic cash balancing activities and conducts period-end and year-end closings?

Financials


Which business process area maintains GL accounts processes Journal Vouchers performs periodic cash balancing activities and conducts-end and year-end closings?

Which of the following is NOT an activity of the Asset Accounting sub-process


Which business process area maintains GL accounts processes Journal vouchers performs periodic cash balancing activities and conducts period-end and year-end closing?

Which of the following is NOT an activity of the Asset Accounting sub-process


Which business process area maintains GL accounts processes Journal Vouchers performs periodic cash balancing activities and conducts period- end and year-end closings?

Which of the following is NOT an activity of the Asset Accounting sub-process


Which business process area maintains general ledger accountsprocess journal vouchers performs periodic cash balancing activities and conducts period end and year-end closings?

The accounting department is responsible for the general ledger, personal journal vouchers, periodic cash balancing and end of year closings. They handle everything financial for a business.


Where could one pick up travel vouchers?

One could pick up travel vouchers from websites such as Groupon who will often offer discounts, additional activities or cheaper accommodation with travel bookings. Alternatively one can look on the Money Saving Expert website which often has deals for travel including vouchers.


What kind of vouchers does care-4 offer?

The website care-4 offers electronic childcare voucher solutions. The vouchers offered usually give discounts on children related activities and purchases. One example is Super Camps with 15% discount on workshops and camps.


How do you get vouchers on dd tank?

You can earn Vouchers by beating Quests and Sports


Where can you use love2shop vouchers?

Can u spend love2shop vouchers in asda