Cash transactions and bearer cheques
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 September 2017
Dear Sirs,
We are registered govt contractors. My query is how do we account for the daily cash transactions in our business ?
Cash transactions include hiring charges, purchase of sand, stone, etc, weekly casual labour payment, bribes , etc
On the same note how do we account for bearer cheques again also provided to some of our suppliers stated above.
Please advise.
We are registered govt contractors. My query is how do we account for the daily cash transactions in our business ?
Cash transactions include hiring charges, purchase of sand, stone, etc, weekly casual labour payment, bribes , etc
On the same note how do we account for bearer cheques again also provided to some of our suppliers stated above.
Please advise.
25 September 2017
you can very well account for the same as the normal principles of accountancy
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