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Summary P1 UNIT 8

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Summary of 7 pages for the course Unit 8 - Accounting Systems at PEARSON (P1 UNIT 8)

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Courtney Lowes


Cash receipt: This is a receipt that the business will keep when money comes into the
business off their products and services. They will include important information such as the
person’s name which it was paid by, the amount which had been paid and the time when it
was paid.




Above is an example of a cash receipt and the information that it would include.

Benefits of a cash receipt:

 Accurate
 Increased control
 Include a lot of information



Cheques: Cheques would be used through a bank to pay an amount of money to another
person from a bank account. The information on the cheque will include the amount of
money that has been paid, the bank account it has came from and the one that it is going
too.




Above is an example of a cheque and the information that it would include.

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Uploaded on
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