Financial plan that is a summary of estimated receipts (cash inflows) and payments (cash outflows) over a stated period. Two common methods of cash-budgeting are (1) Adjusted net income approach and (2) Cash receipts and disbursements approach.
Journal in which all cash receipts and payments (including bank deposits and withdrawals) are recorded first, in chronological order, for posting to general ledger. Cash book is regularly reconciled with the bank statements as an internal auditing measure. In larger firms, it is commonly divided ...
An accounting method in which income is recorded when cash is received, and expenses are recorded when cash is paid out.
Full or partial audit of cash transactions over a specific period, to determine if (1) all cash received is properly recorded, (2) all disbursements are properly authorized and documented, (3) recorded cash balance matches cash on hand and/or on deposit.
A document that shows how much cash and securities the company holds.
The process of paying for items with an allowance rather than being reimbursed for them. Businesses often offer cash allowances for travel expenses and other employee needs. They are taxable income, but they can be claimed as work related expenses.
Signed document (such as a blank check) to which its holder can add any amount, condition, date, etc. French for, blank card.
