Contra discrepancies petty cash remitter threshold transaction

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1. Small amounts of money which are paid out for things such as petrol, soap and bus fares are usually recorded in the …… book.

2. The account which receives payment is known as the … while the account sending payment is the ….

3. Each single movement of money in the account is known as a ….

4. At the beginning of each month the balance from previous month is recorded at the top of the account as … forward and at the end of the month as balance … forward.

5. The bank statement should be checked against the cash book to make sure the figures are the same and that there are no ….

6. When several payments are made by computer banking they are normally transmitted to the bank together in a ….

7. If double entry has taken place within the cash book the item does not need to be entered in another book as double entry and the item is known as a ….

8. When a cheque is received and paid into an account it will be debited to the account once it has been ….

9. Before instructions can be transmitted to the bank it is necessary to have … from one, two or possibly three executive officers.

10. There will normally be a maximum amount of money which can be transferred from an account and this is known as the ….