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HBC 2101 Fundamentals of Project Management Accounting, notes on Cash Books

Institution: Jomo Kenyatta University of Agriculture and Technology

Course: Bachelors of Project Management.

Content Category: Summaries

Posted By: WanguiHinga

Document Type: PDF

Number of Pages: 10

Price: KES 50
 
    

Views: 1316     Downloads: 12

Summary

The Pdf contains summaries on cash books that are well written with examples and formats given for memorability.This summaries will be of great help for students as they are written in good and easy grammar that is comprehensive. They will be of great help during this exam period.

CASH BOOK
A cash book is a financial journal which contains cash receipts and payments. It also includes bank withdrawals and deposits.
Entries in a cash book are posted in a general ledger. The transactions are recorded according to date.

DIFFERENCE BETWEEN A CASH BOOK AND CASH ACCOUNT.
Details in narration are required in a cash book but not in a cash account.
Cash book serves purpose of ledger and journal while cash account is structured like a ledger.
Cash book is a separate ledger in which cash transactions are recorded while cash account is an account within a ledger.......................................


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