give two examples of cash payments and cash receipts
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1. Operating activities
2. Investing activities .
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CASH PAYMENTS =CASH PAYMENTS JOURNAL IS USED TO RECORD ALL CASH PAYMENTS MADE BY THE BUSINESS.
TWO EXAMPLES OF CASH PAYMENTS :
1= PAYMENTS TO CREDITORS
2= PERSONAL DRAWINGS OF THE PROPRIETOR.
CASH RECIEPTS = AN AMOUNT OF MONEY RECEIVED BY A COMPANY FOR GOODS AND SERVICES.
TWO EXAMPLES OF CASH RECIEPTS :
RECIEPTS OF CASH FOR INTEREST, RENT, THE SALE OF OLD ASSERTS ETC.
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