Asked by Tyson Landenberger on May 16, 2024
Verified
Total amount of cash and checks should be recorded on this when using a manual method of bookkeeping
A) electronic health records software
B) pegboard system
C) cash control sheet
D) trial balance
E) assets
F) single-entry bookkeeping system
G) double-entry bookkeeping system
H) fully integrated ledger system
I) garbage in,garbage out
J) cost estimate sheet
K) office policy
L) professional discount
Cash Control Sheet
A financial document used to track the inflow and outflow of cash in a business to ensure accuracy and prevent theft.
- Understanding the historical methods of documenting financial transactions in medical settings.
- Comprehend the techniques of bookkeeping and the importance of maintaining equilibrium in financial accounts.
Verified Answer
JD
Joshua DensonMay 18, 2024
Final Answer :
C
Explanation :
The cash control sheet is used to record the total amount of cash and checks received when using a manual method of bookkeeping. It helps in tracking the cash flow and ensuring accuracy in financial records.
Learning Objectives
- Understanding the historical methods of documenting financial transactions in medical settings.
- Comprehend the techniques of bookkeeping and the importance of maintaining equilibrium in financial accounts.