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O-Level Cash in hand and cash at bank
What the O-Level syllabus expects for Cash in hand and cash at bank, and how to practise it.
What the syllabus expects
- Write the journal entries for money received and money paid
- Give the reasons a cheque is dishonoured
- Write the journal entries when a cheque is dishonoured
Scope: With or without a cash discount previously given or received - Draw up the ledger accounts for cash in hand and cash at bank
- Read the ledger accounts for cash in hand and cash at bank
- Produce a Statement of Financial Position extract showing cash at bank, bank overdraft and cash in hand
More O-Level Principles of Accounts topics
Roles of accounting and of accountants · Stakeholders and what they need in order to decide · Judging profitability · Judging liquidity · Judging efficiency of inventory and trade receivables management · Kinds of business · all of O-Level Principles of Accounts