2.5 Cash receipts and payment records

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Presentation transcript:

2.5 Cash receipts and payment records Business Math 2.5 Cash receipts and payment records

Goals Keep cash receipts record Keep a columnar cash payment record

Start Up What do you spend your weekly allowance and other income for? List the amount you spend on each type of payment during the typical week. Math skill builder page 64

Cash receipts record These are written records of the money received. These may be kept manuallly or with a computer using accounting or spreadsheet or database software Example 1 Check for understanding A and B Page 65

Columnar Cash Payment Record Cash Payment record – are written records of money paid out. This record and the cash receipts can help you plan how to use your money and complete your income taxes. Example 2 Check for understanding C and D

Wrap up Find the total for your typical expenses Find the percent each type payment is of that total. On what payments do you feel you spend too much money each week? Does your list include savings?|