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COMMUNITY LAND MANAGEMENT REGULATION 2018 - REG 7
Cash record
7 Cash record
(1) As soon as practicable after a transaction is effected, the following must
be entered-- (a) in the receipts section of the cash record--particulars of
all money received,
(b) in the payments section of the cash
record--particulars of all money disbursed.
(2) At the end of each month, the
cash record must be balanced and the balance carried forward to the
commencement of the next month and to a ledger account provided for that
purpose.
(3) At the end of each month-- (a) the entries in the cash record
must be compared with the bank records, and
(b) amounts credited to the bank
account and appearing in the bank records for which no receipt had been
written and amounts debited to the bank account and appearing in the bank
records for which no cheque had been drawn must be entered in the cash record.
(4) Any necessary reconciliation (showing the balance in the bank account as
indicated in the bank records, and adding any money received but not banked
and deducting any cheques drawn but not presented for payment) must be entered
in the cash record at the end of the entries for the month.
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