Keeping your own records
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Keeping Your Own Records. Grade 11 Workplace. Agenda. Cheques Post-dated Cheques Keeping Records Questions Workbook. Cheques. Substitute for cash. Advantages- you don't have to withdraw cash. Only the person on the cheque can cash it.

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Keeping Your Own Records

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Keeping your own records

Keeping Your Own Records

Grade 11 Workplace


Agenda

Agenda

  • Cheques

  • Post-dated Cheques

  • Keeping Records

  • Questions

  • Workbook


Cheques

Cheques

  • Substitute for cash.

  • Advantages- you don't have to withdraw cash. Only the person on the cheque can cash it.

  • Disadvantage- many businesses do not accept cheques. Have to buy the blank cheques. Requires accurate record keeping.


Cheque

Cheque


Post dated cheque

Post-Dated Cheque

  • A cheque that cannot be cashed until a future date is called a post-dated cheque.

  • What are some advantages and disadvantages of writing post-dated in cheques?


Keeping records

Keeping Records

  • Transaction Register: Forms for customers to maintain their own financial records.


Thinking

Thinking

  • A friend says that he/she doesn't need to keep records of his or her's transactions because they don't write cheques.

  • Do you agree & disagree? Why?


Workbook

Workbook

  • Pg 116-117

  • Write a practice cheque in #3 & look at transaction register on pg 117.

  • When finished Pg 118-119


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