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Normal debit - PowerPoint PPT Presentation

Journalizing Purchases & Cash Payments

Journalizing Purchases & Cash Payments. Chapter 11. Ch.11 game. Partnerships/Merchandising Business. What is a proprietorship? Partnership: a business owned by 2 or more people. What is a service business? Merchandising business: a business that purchases and sells goods.

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Accounting For Cash

Accounting For Cash. Cash includes Currency, coins, money orders on hand Checking and money market accounts Undeposited checks on hand Cash equivalents Accounting for cash Each type of cash or particular account will have a separate account in the ledger

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Normal debit - PowerPoint PPT Presentation

Journalizing Purchases &amp; Cash Payments

Accounting For Cash

Journalizing Purchases & Cash Payments