Accounting

Bank Reconciliation Statement ‘Bank reconciliation statement is a catalog in which a variety of substance that reason a dissimilarity between bank balance as per cash…

Difference between Cash Book and Pass Book Cash Book Maintained by Cashier Deposits of Cash entered on the debit side of the cash book Withdrawals…

Debit Side and Credit Side of the Cash Book All transactions in the cash book have two sides: debt and credit. All cash receipts are…

Bank Pass Book Bank Pass Book (statement of account) is simply a copy of the customer’s account in the books of a bank. It is…

Posting of Entries in the Petty Cash Account Petty cash is a little amount of cash that is reserved on the business premises to pay…

The main advantage of the analytical system is that it saves time. Also, it will facilitate the accountant or the organization to evaluate the expenses…

Format of Analytical Petty Cash Book In big business apprehensions, the petty cash book is maintained in analytical form, with a detach column for each…

Balancing Petty Cash Book At the end of the period i.e., week or month the whole payments column and individual expenses columns are totaled. It…

Analytical Petty Cash Book In big business apprehensions, the petty cash book is maintained in analytical form, with a detached column for each standard item…

Imprest System of Petty Cash Book Imprest means ‘money advanced on loan’. This method is a structure of financial accounting system. The most general imprest system…