6.0k views
4 votes
What is cash float and does it fall under cash payment journal and cash receipt journal ​

User Awelkie
by
8.5k points

1 Answer

5 votes

Answer:

Retail businesses, including restaurants, that frequently deal in cash often employ a cash float. This refers to the amount of cash placed in registers at the beginning of a shift or workday. The cash float typically consists of a nominal amount of money, such as $50, broken up across several denominations and change.

Step-by-step explanation:

User Denikov
by
8.8k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories