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26 Cards in this Set
- Front
- Back
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What is a cash register roll |
The cash register roll is used to record cash sales and services rendered on a cash register |
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Cash invoice |
Cash invoices are used by businesses which do not use cash registers to record cash sales and services rendered |
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Receipt (duplicate) |
- Issued to people/businesses for payments made to business - Serve as a proof of payment - The original is given to the client, while the duplicate is used as a source document |
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Bank Deposit Slip |
Bank deposit slips are used when money is deposited into a business's bank account |
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Bank Statement |
A bank statement is used as source document when a business makes or receives an electronic payment |
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Bank statement - Debit Column |
Payments & Cheques |
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Bank Statement - Credit Column |
Receipts & Deposits |
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Cheque Counterfoil |
- A cheque is issued when a business makes a payment - This cheque is given to the client, while the cheque counterfoil is used as the source document |
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Cheque - BNF Bank |
The Drawee |
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ABC Supplier |
The Drawer |
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MTT Suppliers |
The Payee |
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What does NOT TRANSFERABLE mean |
NOT TRANSFERABLE is a crossing/endorsement (safety measure) as it insures that the the cheque is deposited into that bank account of the payee |
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CASH REGISTER ROLL - Transactions |
Cash Sales/Services Rendered |
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CASH REGISTER ROLL - Journal |
CRJ |
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DUPLICATE CASH INVOICE - Transactions |
Cash sales/services rendered (used if business does not have cash register) |
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DUPLICATE CASH INVOICE - Journal |
CRJ |
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DUPLICATE RECEIPT - Transactions |
Cash receipts |
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DUPLICATE RECEIPT - Journal |
CRJ |
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BANK DEPOSIT SLIP - Transactions |
Money paid into the bank (analysis of receipt column) |
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BANK DEPOSIT SLIP - Journal |
CRJ |
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BANK STATEMENT - Transactions |
Cash that was deposited directly into the business's bank account |
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BANK STATEMENT - Journal |
CRJ |
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BANK STATEMENT - Transactions |
Electronic payments (EFT) |
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BANK STATEMENT - Journey |
CPJ |
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CHEQUE COUNTERFOIL - Transactions |
Cheque payments made from the business's bank account |
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CHEQUE COUNTERFOIL - Journal |
CPJ |
