You should track your cash daily to be aware of the cash you have at the start
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You should track your cash daily to be aware of the cash you have at the start and end of each day. If the amounts differ, you should have receipts for expenses or estimate where the remainder went such as for cold drinks or snacks. If you cannot account for the difference, you should pay more attention to spending cash.
PERSONAL FINANCE ACTIVITY
For three days, track your personal expenses like a petty cash fund. Record how much you spend on each item on an envelope or sheet of paper. At the end of each day, is your cash over or short?
PERSONAL FINANCE ONLINE
Log on to glencoeaccounting.glencoe.com and click on Student Center. Click on Making It Personal and select Chapter 22.
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a Each item was as follows i Coffee 125 ii Lunch 400 iii Snacks for movie 400 iv Ice crea...View the full answer
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