What is the Bangladesh standard on Audit(BSA-300) ? Describes in details

Corporate practice bd

What is a Money Receipt in Accounting?

A money receipt in accounting is a document issued by a business or an individual to acknowledge the receipt of cash. This document is used to provide evidence that cash has been received for goods sold, services provided, or any other purpose. The money receipt includes essential details such as the date of the transaction, the amount received, the purpose of the receipt, and the parties involved.

												Importance of Money Receipts in Accounting  Accurate Record-Keeping: Ensures that all cash inflows are recorded accurately and systematically. Audit Trail: Provides a clear and verifiable trail of transactions for auditing purposes. Financial Control: Enhances internal control by documenting cash receipts and reducing the risk of fraud. Financial Reporting: Facilitates accurate and reliable financial reporting by providing detailed records of cash transactions. Money receipts are essential for maintaining transparency and accountability in financial transactions, helping businesses keep track of their cash inflows and ensuring accurate financial management. Table of contents   1. Money received from Local cash sales   2. Advance against Sales of Waste Materials .Bill no.000 dt.16.04.2025.   3. Security Money against Scrap Tender   4. Fund transfer From CD#4567(SJIBL) (ABC) to (XYZ) CD#6845 (SJIBL) Lets starts with Practical Example: Voucher No. 01 Money received from Local cash sales of yarn : Ledger Name Debit (TK) Credit (TK) Remarks Social Islamic Bank –SND#5868   *****     ABC Yarn trading   *****   Narration:   Party: M/S ABC Trading, MR No: 0000, MR Date: 23/05/2026.Advance against Sales of Finished Yarn & Amount deposited by cash to SIBL SND # 5868 (ABC) dt.26.05.2026 Voucher No. 02 Advance against Sales of Waste Material, Bill no.3075 dt.18.09.2025. Ledger Name Debit (TK) Credit (TK) Remarks Cash in Hand Factory *****     XYZ Enterprise  Advance sales   *****   Narration: Party: XYZ Enterprise, MR No: 0000, MR Date: 16/04/2026.Advance against Sales of Waste materials Bill no.2940 dt.18.09.2026. Voucher No. 03 Security Money against Scrap Tender: Ledger Name Debit (TK) Credit (TK) Remarks Cash in Hand Factory *****     Mayer MM Enterprise security Money   *****   Narration:   Party: MM Enterprise, MR No: 000, MR Date: 19/03/2026.Security Money against Scrap Tender. Ref.dt.58/26 dt.09.06.26. Voucher No. 04   Fund transfer From CD#5876(SJIBL) (ABC) to (XYZ) CD#5530 (SJIBL) : Ledger Name Debit (TK) Credit (TK) Remarks CD#5530 *****     XYZ LTD Loan to   *****   Narration: Party: XYZ. MR No: 0000, MR Date: 06/08/2026.Fund transfer From CD#5876 (SJIBL) (ABC) to (XYZ) CD#5530 (SJIBL) as per client request letter .dt.07.06.2024