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Checks received by the business in the course of business are debited to cash on hand and NOT to cash in bank?

  • Answer:

    that is possible but no one would do that. if they do that, when they make the deposit they would have to debit cash credit cash on hand. no company would do that because it creates a 2nd entry that is necessary.

-mooshoo- at Yahoo! Answers Visit the source

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that is possible but no one would do that. if they do that, when they make the deposit they would have to debit cash credit cash on hand. no company would do that because it creates a 2nd entry that is necessary.

David Z

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