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1. Handle all phases of the cash register such as employee discounts, voids, charges, as well as cash sales, using proper cash handling procedures.
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2. Under the cash basis, revenue is recorded when received in cash and expenses are recorded in the period in which cash payment is made.
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3. Handle all phases of the cash register such as employee discounts, voids, charges, as well as cash sales, using proper cash handling procedures.
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4. The custodian of the fund will cash the replenishment check at the bank and place the cash in the petty cash box.
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5. Statement of Cash Flows - summarizes sources and uses of cash; indicates whether enough cash is available to carry on routine operations.
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