what does balance all recepits mean?
12 ต.ค. 2018 เวลา 16:39
Answers · 3
Hi, it seems to me that this is regarding accounting. This is what it means: "A receipt and payment account is a summarized cash book (cash and bank) for a given period". ... Various cash receipts and cash payments during the whole year find place in this account in a classified manner. Basically it is to see all the income and payments made by a company. Hope this helps!
12 ตุลาคม 2018
Thank you so much. I thought that it is an act of counting all the money in the receipts by adding. It is helpful :D
12 ตุลาคม 2018
Fonso, Balance receipts means to take time to check money coming in (or money you have) against money going out (money you spend). A business would say they balance receipts. A person might say they are "balancing their checkbook". This is done to find out if you/your company did a good job following a budget, or to help set a budget. Hope this is helpful.
12 ตุลาคม 2018
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