Tag: recording and posting of cash transactions
Questions Related to recording and posting of cash transactions
A cheque is considered as stale when if has been in circulation for _______________.
Cash purchase is accounted in the _______ account.
The term banking is defined in section _________.
Cash sales are recorded in __________.
The subsidiary book in which details of cash received in the form of currency, cheques, drafts, etc. and details of payment made in cash or by cheques, and drafts is called cash book.
________is the book in which cash discount received and allowed is recorded.
Book in which small payments are recorded is ____________.
Type of bank account in which bank keeps no restrictions on depositing cash but imposes restrictions on withdrawals of cash.
Type of bank account in which overdraft facility is given to account holder.
Type of bank account in which money is deposited for fixed period of time _____________.