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 April 8th, 2019 by Michael Brown
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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 May 24th, 2019 by Michael Brown
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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 April 3rd, 2019 by Michael Brown
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