Accounting 1
Lesson Plans

Strand 7

Students will explain the importance of cash control documents and systems in relation to the protection of the business' cash.

• Accounting -- Cash Control Systems
  Introduction of cash control systems: checking accounts, endorsing checks, and writing checks. What a bank statement is, how to verify a bank statement and how to reconcile a bank statement. Introduction of how to journalize a bank service charge or dishonored check. Introduction of petty cash, how to establish a petty cash fund, how to make payments from a petty cash fund and how to replenish a petty cash fund.

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