Cash Book Flashcards
1
Q
Cash Transaction
A
These refer to all transactions involving the use of cash either received or paid out.
2
Q
Sources of cash receipts
A
Debtors
Revenue received
Cash sales
Sold fixed assets for cash
3
Q
Cash payment
A
paying creditors/accounts payables
paying all expenses
cash purchases
fixed asset bought
4
Q
Bank Transaction
A
These refer to all transactions involving the use of cheques either received or paid out.
5
Q
Sources of cheque receipts
A
debtors/accounts receivables
revenue received
sales
sold fixed asset
6
Q
Bank payment
A
paying creditors/accounts payables
paying all expenses
purchases
fixed asset bought
