Cash Book II
BUSINESS STUDIES FOR JSS2 THIRD TERM
SUB -THEME: BOOK-KEEPING AND BUSINESS SUCCESS
WEEK 3
Cash Book II
Performance objectives:
Students should be able to:
- Record cash receipts in a cash book
- Differentiate between cash book and petty cashbook
Contents:
Cash Book: To keep track of transactions, we need to continuously record entries into their respective ledger accounts. Depending on the size of the business, an organization may have millions of cash or bank entries as receiving from debtors and payment to creditors occur on a daily basis. To keep the ledger from getting too congested, a separate book dedicated to recording cash and bank entries are usually maintained. This dedicated book is known as the cash book.
A cash.... View More
Subscribe now to gain full access to this lesson note
Take Me ThereClick here to gain access to the full notes.