Which of the following statements is incorrect? To keep proper control of the cash held by a
Question:
Which of the following statements is incorrect? To keep proper control of the cash held by a business:
(a) Every receipt and payment of cash should be recorded as soon as it happens
(b) Every entry in the Cash account should be substantiated by an appropriate voucher
(c) The Cash Book entries should be in pencil so that any mistakes can be corrected
(d) Difference between amounts received and paid should agree with amount in hand
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c The Cash Book ...View the full answer
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Related Book For 
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
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