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Why should cash be banked daily and intact?

Cash is easily stolen or misappropriated. To help reduce the risk of loss the management committee must implement adequate accountability, security and control systems.The following checklist will help you to achieve a level of control over cash and cash transactions: θ a record is made immediately of cash received and a different person verifies the transaction θ all cash receipts (no exceptions) are banked daily with no deductions θ all payments are made by cheque (the only exception is for cash payments from petty cash) And many other ways...


What is past tense of banked?

Banked is the past tense of the verb bank.


What does banking mean?

Banking is one of the key drivers of the U.S. economy. Banking provides a safe place to save excess cash, known as deposits. It also supplies liquidity to the economy by loaning this money out to help businesses grow and to allow consumers to purchase homes, cars and consumer products. Banks primarily make money by charging higher Answers.com on their Answers.comthan they pay for deposits.


What is the adjective form of bank?

The verb to bank (tilt, as a plane in a turn) has the present participle as an adjective, banking.The verb to bank (save, store away) has the past participle banked (banked savings) which is also an adjective for the noun bank (turn, or riverfront). Auto racetracks have bankedcurves.


What is bank PDC cheque?

PDC = post dated cheque, the date the cheque may be cashed or banked is set in the future.

Related Questions

Is cash sales banked immediately a contra entry?

YesBecause the entry deals with both cash and bank


How do you pass journal entry for cash sales banked in?

Debit bankCredit sales revenue


Why should cash be banked daily and intact?

Cash is easily stolen or misappropriated. To help reduce the risk of loss the management committee must implement adequate accountability, security and control systems.The following checklist will help you to achieve a level of control over cash and cash transactions: θ a record is made immediately of cash received and a different person verifies the transaction θ all cash receipts (no exceptions) are banked daily with no deductions θ all payments are made by cheque (the only exception is for cash payments from petty cash) And many other ways...


Are flat tracks or banked turns better for running?

banked turns


What is past tense of banked?

Banked is the past tense of the verb bank.


Is banked a noun?

No. Banked is a verb form or adjective. Bank is the noun, which is also the spelling of the verb to bank.


Will a banked track help you go faster?

yeah, banked track reduces the reliance on frictional force between tyres and road...so,,more centripetal force can be provided for car by banked track,,............from NAV


What is a banked road?

A banked turn is the term used to describe a car riding along a circle with inclined edges. The angle at which a turn is banked refers to the angle of http://www.answers.com/topic/incline-4 of the given path.


Where is the word banked in the book hatchet?

The word "banked" appears in Chapter 3 of the book Hatchet by Gary Paulsen. It is used in the context of Brian realizing that the plane is flying in a banked position, which contributes to his heightened sense of fear and panic.


Could you use banked in a sentence?

yes: after counting his earnings, Jack realized that he "banked" $30,000 in profit last year selling houses.


What is a sentence for banked?

There are several different meanings for the past tense verb banked (or present tense bank); to do business with a financial institution; to put aside for a future use; to rely on a circumstance; to heap or mass something, especially against something else; edge or surround something; to tilt sideways in making a turn; the play of a ball against another object. Some example sentences: I have banked at First National Trust for twelve years. She banked on getting that bonus to pay for some new furniture. The clouds banked to the north glowed in the sunset. The car banked on that sharp turn and my sunglass flew off the dashboard.


What is a veledrome used for?

Bicycle races on its banked track.