Post by MS INYOFU (@theconscience)

ACCOUNTING HINT

Mistake: Recording cash expenses immediately without checking physical cash balance

Correct: Always confirm available cash before posting

Example:
Petty Cash book shows N18,000
Physical count is N15,000
Difference of N3,000 must be investigated before any new posting

Why: Prevents hidden losses and keeps cash records clean

Do you perform regular cash counts?

ACCOUNTING HINT Mistake: Recording cash expenses immediately without checking physical cash balance...

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