Objectives IV To ensure that there is good cash management to avoid frequent

Objectives iv to ensure that there is good cash

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Objectives: IV. To ensure that there is good cash management to avoid frequent cash shortages or holding excessive cash in hand. V. To ensure that cash receipts are deposited daily in the banks. VI.To ensure that all incoming checks are handled properly.
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INTERNAL CONTROL OVER CASH
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INTERNAL CONTROL OVER CASH
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INTERNAL CONTROL OVER CASH
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Thank You For Listening! ^_^
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Thank You For Listening! QUIZ... Think outside the box
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QUIZ (1-10) Arrange the following cash receipt procedure chronologically. (2 points each) u) Record and deposit checks a) Mail and prepare remittance adviced) Update accounts receivable t) Reconcile cash receipt and deposits i) Update general ledger
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QUIZ 11.Cash receipts cycle involves all the following, except? the transaction
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  • Summer '17
  • Cheque, invoice, CASH RECEIPTS JOURNAL

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