1. 2.5 Cash receipts and payment records
Business Math
2.5 Cash receipts and payment records

2. Goals
Keep cash receipts record
Keep a columnar cash payment record

3. 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

4. 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

5. 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

6. 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?|