Cash Control
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Accounting for Internal Control
MS: Kawalan Tunai · EN: Cash Control · ZH: 现金控制
Meaning
Cash control refers to the specific methods used to control cash receipts and payments so that the business's money is safe and correctly recorded. Examples include using a bank account, serially numbered receipts, numbered cheques and a cash book updated daily. It lowers the risk of loss and misappropriation.
Example
Bahagia Grocery banks all daily takings above RM100 on the same day and makes large payments only by cheque, not cash, so that they are easier to trace.
Source: DSKP KSSM Prinsip Perakaunan Tingkatan 5