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
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Funds
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Fee
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With drawl
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Detailed explanation-1: -All monetary transactions should be entered in the cash book as soon as they occur (SR 31).
Detailed explanation-2: -Answer: A cash register or till is a mechanical or electronic device for registering and calculating transactions at a point of sale. It is usually attached to a drawer for storing cash and other valuables. A modern cash register is usually attached to a printer that can print out receipts for record-keeping purposes.
Detailed explanation-3: -The Transaction Register shows you a list of all your transactions organized chronologically, with the most recent transactions appearing first.
Detailed explanation-4: -Assets could be money in a cash register or bank account, or items such as property, fixtures and furniture, equipment, motor vehicles, and stock or goods for resale. An important asset in businesses which sell goods or services on credit is money owed to the enterprise by customers. This asset is known as debtors.
Detailed explanation-5: -cash register, business machine that usually has a money drawer and is designed to record sales transactions.