EDUCATION UGC NET
SCHOOL AND CLASSROOM MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Cash Book
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Log Book
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Service Book
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Stock Register
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Detailed explanation-1: -Based on the exchange of cash, there are three types of accounting transactions, namely cash transactions, non-cash transactions, and credit transactions.
Detailed explanation-2: -Credit transactions are not recorded in Cash Book.
Detailed explanation-3: -Examples of financial transactions include cash receipts, deposit corrections, requisitions, purchase orders, invoices, travel expense reports, PCard charges, and journal entries.
Detailed explanation-4: -All monetary transactions should be entered in the cash book as soon as they occur (SR 31). Cheque/ Draft should be considered as cash. Cash book should be closed and balanced each day. DDO should verify all entries in the cash book with original documents viz. More items •26-Nov-2022