Question

When the total of cash and checks in a cash drawer ks greater than the initial cash bank +net cash receipt means?

Answer 1

The difference in such cash ( Total of cash and checks in a cash drawer ks greater than the initial cash bank +net cash receipt) might be due to the following reasons:

1) sale of goods and payment received through Cash or cheque

2) received from debtors Cash or cheque

3)income received in the form of rent,commission, etc in the form of Cash or cheque