General Knowledge
Inventory, Bank and Cash are examples of these.
Current Assets
This book records credit sales.
Sales journal
The initial set of funds the petty cashier commences his/her day with is known as.
Imprest amount
Another name of capital.
Equity
This book records cash receipts and payments.
Cash book
What is the analysis column in the petty cash book?
Clubs the different expenses into categories
This financial statement gives a snapshot of the businesses performance at a point in time.
Balance sheet
This book records the acquisition and disposal of fixed assets.
General Journal
The system by which the petty cashier is restored.
Imprest system
A = L + C is the formula for.
Accounting equation
This day book is a subsidiary of the cash book.
Petty cash book
Kim starts her day off with $215, and spends $92. What is her restore amount?
$92
The rule for real account is
Debit what comes in credit what goes out
We can find credit notes in this book.
Sales returns journal
The source document for the petty-cash book.
Petty cash voucher