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Keeping Your Own Records

Keeping Your Own Records. Grade 11 Workplace. Agenda. Cheques Post-dated Cheques Keeping Records Questions Workbook. Cheques. Substitute for cash. Advantages- you don't have to withdraw cash. Only the person on the cheque can cash it.

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Keeping Your Own Records

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  1. Keeping Your Own Records Grade 11 Workplace

  2. Agenda • Cheques • Post-dated Cheques • Keeping Records • Questions • Workbook

  3. Cheques • Substitute for cash. • Advantages- you don't have to withdraw cash. Only the person on the cheque can cash it. • Disadvantage- many businesses do not accept cheques. Have to buy the blank cheques. Requires accurate record keeping.

  4. Cheque

  5. Post-Dated Cheque • A cheque that cannot be cashed until a future date is called a post-dated cheque. • What are some advantages and disadvantages of writing post-dated in cheques?

  6. Keeping Records • Transaction Register: Forms for customers to maintain their own financial records.

  7. Thinking • A friend says that he/she doesn't need to keep records of his or her's transactions because they don't write cheques. • Do you agree & disagree? Why?

  8. Workbook • Pg 116-117 • Write a practice cheque in #3 & look at transaction register on pg 117. • When finished Pg 118-119

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