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1It is a book of account within thedouble entry system.1It is an account outside the double entry system.2Each transaction is recorded here separately in chronological (according to date) order.2Each transaction is not recorded separately - all the transactions are recorded at a time at the end of accounting year in a classified from.3Each entry is followed by narration3No narration is written here.4Ledger reference is recorded here4No ledger reference is recorded5Daily cash balance can be ascertained from this book.5Daily cash balance cannot be ascertained.6All concerns (non-profit seeking and profit seeking) organizations prepare it.6Only non-profit seeking organizationsprepare it.7Whenever a cash transaction takes place, it is recorded in this book. In other words, it is a current account.7It is prepared on the last day of the year. In other words, it is a periodical account.8It is a must.8It is not indispensable - it may not be prepared.
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How can you split a payment between your savings account and your checking account In the ePay function?
In the ePay function, how can you split a payment between your savings account and your checking account
In the ePay function how can you split a payment between your savings account and your checking account?
In the ePay function, how can you split a payment between your savings account and your checking account
What are the differences between a debit card transfer and a bank account transfer?
A debit card transfer involves using a card linked to your bank account to make a payment directly, while a bank account transfer moves money between accounts electronically without using a physical card.
In an epay function how can you split a payment between your savings account and your checking account?
i cannot split a payment in this way. i must always just pay from one account.
Enumerate the ways in which nation can overcome an unfavorable balance of trade?
improve technology is one
What are the differences between hire purchase transaction and deferred payment?
give three similarities and three difference between hire purchases and deferred payment
How do you find out a merchant number?
To find a merchant number, you can check your merchant account statements or documentation provided by your payment processor or acquiring bank. It is often listed on transaction receipts or in the account management section of their website. If you cannot locate it, contacting your payment processor's customer service can also provide you with the necessary information.
How do you remove payment from suspense account to customers account?
payment in suspense to customers account as receivable account
What are the business document used in accounting?
Cheques, Receipts, Payment invoice, Cash invoice,
What are the differences between physical payment method and e payment method?
Physical payment means you hand over the cash/cheque in person: epayment (short for electronic payment) means you pay over the phone or internet.
Cultural differences between US and Germany?
There are several cultural differences that can be seen between the United States and Germany. Some of these differences include dining etiquette, driving age, payment options in shopping centers, alcohol laws, as well as the differences in religion and mortality.
What happens when cash is received in payment of an account?
Received cash from a customer as payment on account
