No
i don't now [Jabirshah] The system for recognizing revenues influenced with payment and receipt of cash is called "Cash base accounting system".
There are many objectives to accounting. A systematic accounting system will should have the following objectives: to maintain cash account balances, to detect fraud, and maintain ledger account balances.
Received cash from a customer as payment on account
following payment, the approved invoice should be stamped "paid"
list 5 key control objectives in a cash payment system
list 5 key control objectives in a cash payment system
No
i don't now [Jabirshah] The system for recognizing revenues influenced with payment and receipt of cash is called "Cash base accounting system".
cash payment limited for budget 2010-2011
There are many objectives to accounting. A systematic accounting system will should have the following objectives: to maintain cash account balances, to detect fraud, and maintain ledger account balances.
A goal is to accomplish the objectives. They are co-dependent.
Received cash from a customer as payment on account
following payment, the approved invoice should be stamped "paid"
Yes, but it's strange they won't take cash. Try to find out what form they want payment in, and then try to make payment that way. If cash is the only way you can do it, call them and ask how to make a payment in cash.
establishment of fund: petty cash fund xx cash in bank xx payment of expenses out of the petty cash fund: expenses xx petty cash fund xx
[Debit] Down payment xxxx [Credit] cash xxxx