Petty Cash Reconciliation in Imbalance to Detailed Petty Cash Book Details Account

[Neville Bailey]

When you process a transaction from one cashbook to another cashbook, you need to allocate the payment from the "sending" cashbook to a designated suspense account called "Transfer Account" or similar, and then process a receipt in the "receiving" cashbook, and allocate it to the same suspense account.

In other words, do not allocate any cashbook payment or receipt to another cashbook ledger account directly.

[curare]

When you process a transaction from one cashbook to another cashbook, you need to allocate the payment from the "sending" cashbook to a designated suspense account called "Transfer Account" or similar, and then process a receipt in the "receiving" cashbook, and allocate it to the same suspense account.

In other words, do not allocate any cashbook payment or receipt to another cashbook ledger account directly.

Hi Neville
Thank You very much for Your assistance.

Regards
Curare