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Accounting Basics (without debits and credits)

These lessons explore the basics of accounting without debits and credits.

Lesson 8: The Cash Flow Statement and Accounting for Petty Cash

  • Dr. Charlotte Houke
  • Jul 1, 2013
  • 1 min read

Description

Lesson eight includes an overview of the cash flow statement and the three major types of activities that cash flows are grouped into. How to account for petty cash and the importance of establishing procedures to maintain effective internal controls over petty cash is discussed.

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