A cash flow statement means statements relating to information regarding the inflow and outflow of cash. Nowadays, in preparing financial statements, the cash flow statement is considered as an important element. Generally, a cash flow statement is prepared for a particular period or a financial year. The primary objective of the cash flow statement is…
Cash Control is an important part of business as it is required for proper cash management, monitoring and recording of cash flow and analyzing cash balance.
What is the Cash Book? Cash Book contains cash transactions passing into and out of business. 2 types of Cash Book are (1) general cash book and (2) petty cash book. The general cash book is subdivided into the single column, double column, and treble column cash book. The primary book where transactions regarding cash receipts…
Small or large companies maintain 2 types of Petty Cash Book for all cash transactions of a business. Two types of Petty Cash Book maintained by small or large companies for easy, quick and accurate recording of all cash transactions. It depends on the nature, volume and necessity of transactions of a business organization. Cash transactions…
3 types of discount are trade discount, quantity discount, and cash discount that are used in business, trade, and sales of all kinds.