Cash books, Financial Management

Cash Books (Cash Payments and Receipts Journals)

Cash books are the names given to the Cash Receipts Journal and the Cash Payments Journal. They are used to record the flow of cash into and out of the business.

The Cash Receipts Journal lists all money received by the business (into its general banking account, not its trust account for which separate journals must be kept).

Cash Receipts Journal

CR1

Date

Receipt no.

Particulars

Folio

Banked amount

Total banked

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

A typical Cash Receipts Journal page would look as follows:

Similarly, Cash Payments Journals list all payments made by the organisation.

A typical Cash Payments Journal page would look as follows:

Cash Payments Journal

CP1

Date

Cheque/ EFT no.

Particulars

Folio

Bank

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Posted Date: 10/1/2012 4:29:13 AM | Location : United States







Related Discussions:- Cash books, Assignment Help, Ask Question on Cash books, Get Answer, Expert's Help, Cash books Discussions

Write discussion on Cash books
Your posts are moderated
Related Questions
Provide an argument for including or not current liabilities in the cost of capital calculation.

ADVANTAGES OF BUDGETARY CONTROL 1. Profits are maximizes. 2. It makes easy the controlling of activities. 3. Effective co-ordination is made achievable. 4. Executive

Question: You have just been appointed the secretary of the ALM Committee (ALCO) of ABN Bank. The ALCO members have some queries relating to the liquidity risk faced by the ban

answers for the personal finance literacy 2nd edition workbook answers chapter 9(obtaining and protecting your credit)

Liabilities The company must take into account the nature of its liabilities as well as its solvency position. Cash Flows: Besides the investment yields, money flows as paid

Q. Risk of default influence the rate of interest? The bank offering the loan to Blin will make an assessment of the risk that the company might default on its loan commitments

Lincoln Park Zoo in Chicago is considering a renovation that will improve some physical facilities at a cost of $1,800,000. Addition of new species will cost another $310,000. Addi


FINANCIAL ISSUES OF DIVESTITURES Many corporations review the business portfolio to determine the operations that fit their core strategies. The firm's desire to achieve more f

Interest Rates The payment borrowers make for the use of the funds that they borrow and the payment that lenders demand for the use of the funds they lend (termed interest ) w