Accounting - Cash journals

Question 1

In CRJ (Cash receipts journal), what do you put in the ‘Details’ column?

Answer 1

The name of the person/business who you are receiving money from. If there is no name attached, you place ‘cash’

Question 2

In what number order are receipts put in?

Answer 2

Chronological order

Question 3

True or False : You Always put a rand sign next to figures in accounting

Answer 3

False. Never put a rand sign next to the figure.