Accounting Principle

Cheques issued but not yet presented for payment The cheques issued but not debited customers account may be because the cheque is not cashed till…

Cheques paid into bank but not yet collected The cheques paid into bank for collection but not credited into the account of the customer, because…

Format of Bank Pass Book Passbook is an essential document nearly all of us have. Bank Pass Book is a duplicate of the account of…

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…