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What is the definition of cash disbursement?
CASH DISBURSEMENT: A payment of money or simply a payment. Usually, the writing of a check to pay for an item previously obligated to be paid, such as loan payment, salary payment or accounts receivable payment.
Cash disbursement journal is used to record?
To record cash payment bill.
What is the purpose of a cash disbursement journal?
The cash disbursement journal is used as a record of any cash transactions that a company has made. This is essential in the operations of a business as one could look at the register to see what cash has been paid out.
What is disbursement?
all of these payment of a bill expense reinbursment an income tax refund
Hutton Company uses a sales journal a purchases journal a cash receipts journal a cash disbursement?
check
How did Hutton Company uses a sales journal a purchases journal a cash receipts journal a cash disbursement?
check your answer
How do you calculate float cash disbursement with example?
Float cash disbursement refers to the time difference between when a check is written (or a payment is initiated) and when the funds are actually deducted from the payer's account. To calculate it, you can track the date the payment is issued, the date it is received by the payee, and the date the funds are withdrawn from the payer's account. For example, if a company issues a check on March 1, the payee deposits it on March 5, and the bank processes the withdrawal on March 7, the float period is 6 days (from March 1 to March 7).
Payment by check or payment by cash?
cash payment limited for budget 2010-2011
What are the controls over petty cash?
The major controls over petty cash are the control over safekeeping, approval for disbursement and recociliation.
What are the 3 controls over petty cash?
The major controls over petty cash are the control over safekeeping, approval for disbursement and recociliation.
What happens when cash is received in payment of an account?
Received cash from a customer as payment on account
What is the first disbursement date?
The disbursement date is the earliest day a borrower's financial institution and/or the National Student Loans Service Centre is allowed to negotiate (cash) his/her loan document or grant cheque.
