Loose Leaf for Financial Accounting: Information for Decisions
Loose Leaf for Financial Accounting: Information for Decisions
9th Edition
ISBN: 9781260158762
Author: John J Wild
Publisher: McGraw-Hill 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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