INTRO TO ACCOUNTING

1
INTRO TO ACCOUNTING

• Business
• Cash
• Credit
• CASH means paying with a cheque except for petty
  cash.
• Credit means buying on credit or on account

2
CASH

• RECEIVE
• RECEIPT BOOK- to record e.g. Capital rent
  account payments etc
• Original receipt-given to customer
• Duplicate kept by owner Joe

3
CASH PAYMENTS

• CHEQUE BOOK
• Cheque counterfoil
• Cheque leaf.