Most banks flag amounts over $10,000.00
Walmart
Walmart
Probably. It depends on the bank, but any bank worth having an account at will cash government or payroll checks as a courtesy for account holders regardless of the account balance.
In prepaid accounts cash is paid before and benefits are taken later while in accrual accounts benefits are taken before but cash is paid later.
what is a cash account
why do you debit cash account and credit receivables for cash in transit
Possibly, but you should consult your joint account holder before doing this.
The government cannot garnish a life insurance cash value policy. However, they can attach a lien on the cash value if it is deposited into a bank account. They can also petition the court to force an individual to hand over the cash value.
The only way to cash a check that large might be to take it to a bank and open a business account, or you may be able to deposit into a personal account. If it is for payment to a business, opening a business account might be your only choice.
No cash account is a permanent account. as u treated cash as a debit element in General journal against of Capital. Capital is a permanent account so cash too.
in check form no. but if you deposit Cash the limit is $10,000 before the IRS will be notified with your information.
[Debit] Petty Cash account [Credit] Cash account