Bank and Cash

bank reconciliation test

Quiz 10: Bank Reconciliation Test

The bank reconciliation process is a means of ensuring that the cash book of the business is reconciled to the bank statement provided by the bank. Take our basic bank reconciliation test to check out your knowledge of bank reconciliations used in double entry bookkeeping.

Last modified December 4th, 2019 by Michael Brown
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petty cash voucher

Petty Cash Voucher Template

All petty cash transactions need to be supported by a petty cash voucher.

Together with attached invoices, receipts, and other paperwork, a petty cash voucher is used to support payments made from petty cash and will help a business to document and post petty cash book entries.

Last modified July 16th, 2019 by Michael Brown
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cash payment accounting equation

Cash Payment of Expenses

A cash payment is a transaction in which a business settles the cost of an expense immediately in cash.
A business has a monthly premises rent of 1,000 and pays the amount in cash to the landlord.

Last modified November 25th, 2019 by Michael Brown
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unpresented cheques

Unpresented Cheques

Unpresented cheques are cheques which have not yet cleared through the banking system. It is a term used in the preparation of a bank reconciliation statement.

Last modified January 14th, 2020 by Michael Brown
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bank reconciliation accounting process

Bank Reconciliation Accounting

The bank reconciliation process is a means of ensuring that the cash book of the business is reconciled to the bank statement provided by the bank. The bank reconciliation is prepared as a statement called the Bank Reconciliation Statement.

Last modified July 16th, 2019 by Michael Brown
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cash at bank cash book format

Cash at Bank and in Hand

Cash at bank and in hand refers to amounts which are held by a business in the form of notes and coins (e.g. petty cash) or which are held at a bank in the form of on demand deposits such as current accounts and savings accounts.

Last modified March 14th, 2023 by Michael Brown
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