Financial Accounting: Information for Decisions
Financial Accounting: Information for Decisions
9th Edition
ISBN: 9781260158809
Author: Wild, John
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter 6, Problem 9DQ
Summary Introduction

Introduction: Cash receipts are the printed statement for cashsale transactions. Acopy of cash receipts isprovided to the customer another copy is maintained for recording the transaction in accounts. These receipts helps in conducting internal audit when the accounts are cross checked with the supporting documents.

To determine: Depositing cash receipt on day of its receipts.

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