The Cash Book and Petty Cash
Students learn to record cash and bank transactions in a cash book. They will also understand the imprest system for managing petty cash.
About This Topic
Students learn to record cash and bank transactions in a cash book. They will also understand the imprest system for managing petty cash.
Key Questions
- How do we record cash discounts in the cash book?
- What is a contra entry?
- How does the imprest system control petty cash expenditure?
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