Cash receipt accounting

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Parveen Kumar Sharma (Querist)
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18 September 2011 if cash receipt issue in a location where cash book not maint (like branch and zone office), cash book and account update after issue of cash receipt date,because cash book closed daily and receipt & money comes late what is right way

U S Sharma

U S Sharma (Expert)
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19 September 2011 deposit the cash to bank on daily basis, this will help

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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20 September 2011 Show the same on the same day in the cash book. If it is business house after putting the shutters down it is not possible to receive late cash. If it is bank after banking hours no cash is accepted. If in a business house cash is received at the time of closing of the office then in the cash book after the cash balances are taken enter late cash and the total of cash be shown.

CA Pushpendra Gaur

CA Pushpendra Gaur (Expert)
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29 September 2011 yes the way you says is right way, no problem, if the cash is accounted on the very next day, but proper control for recording the same in memorandum book to be made

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