MY EXPERIENCE IN CASH BOOK USAGE //@nseabasi

INTRODUCTION

My name is NseAbasi John, I held in Nigeria my country home.
When I was introduced to Steemit Community, I made few introductions about my work capability and what I love posting and one of it was expert delivery on accounting entering.
Here come;

It is my indepth knowledge and one of its simple accounting entries to all and sundries of one who undergo such studies, to know the cash book entries for safeguarding the cash inflows and outflows activities which gives access to ease posting to ledger for Management decision making.

Following the cash basis accounting presentation which geared on cash collection alone, it is easy for management to know the actual cash in hand and at bank. Hence, from cash book presentation as shown in the picture Camara, using excel packages or software, the daily income are truly seen. Before involving for for my work conclusion, I must clear doubt from few of this words context, they are; Cash Book, Cash Basis in Accounting, Needs for cash book in an organisation and Possible conclusion.

WHAT IS THE CASHBOOK AS A RECORD?

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Cash Book is a journal in financial presentation that contains cash receipts, disbursements, cheques or deposit and withdrawals which get its posting to general Ledger.
It is basically of three types which are; Single Column Cash Book, Double or Two column cash book and Triple or Three column cash book. Its ideal is that both the tripartite records or recognizes only cash transactions.

WHAT IS CASH BASIS IN ACCOUNTING

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I touched on the cash basis activities, therefore, it is very pertinent to bring to notice the meaning of it. Hence, Cash basis in Accounting is just a method which recognizes only income and expenditure in cash exchanged regardless.

NEEDS FOR CASH BOOK

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^{my office work sample}

• Keep record for all cash transactions of a business entity

• Inflows and outflows of cash are easily tracking

• Every business entity need cash flows activities as its lifeblood

• Very easy for indication at the ledger account

• Daily management decision making.

POSSIBLE CONCLUSIONS