To record example sentences

To avoid this, large organisations normally appoint one more cashier (petty cashier) and maintain a separate cash book to record these transactions.It is meant to record all the details, relating to the bills accepted by a person or a party, which are retained for being use in the future, in case of need.It is then advisable to record them separately in special subsidiary books, the bills receivables in the Bills Receivable Book and the bills payable in the Bills Payable Book.In addition, another statement called Profit and Loss Appropriation Account is prepared to record various appropriations of profits like transfer to reserve and provision for dividends.Errors and Omissions constitute the third element in the BoP (apart from the current and capital accounts) which is the 'balancing item' reflecting our inability to record all international transactions accurately.When only two accounts are involved to record a transaction, it is called a simple journal entry.This is because either I forget to ask for the air miles when I check in, or I remember to ask for them but the airline then manages not to record them, or the check-in clerk informs me that I am not entitled to them.Identification : It means determining what transactions to record, i.e., to identity events which are to be recorded.For example, one of the important rule is to record all transactions on the basis of historical cost, which is verifiable from the documents such as cash receipt for the money paid.Expenses accounts and revenue accounts which are not balanced at the time of balancing are opened to record specific transactions.The format of the sales joournal is shown in figureure In the sales journal, one additional column may be added to record sales tax recovered from the customer and to be paid to the government within the stipulated time.This journal is used to record return of goods by customers to them on credit.Nowadays electronic voting machines (E M) are used to record votes.The Realisation Account is prepared to record the transactions relating to sale and realisation of assets and settlement of creditors.The source document, as discussed earlier, is required to record the transaction in the journal.