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What is Miscellaneous Cash receipt?

April 26, 2017cash Miscellaneous RECEIPT

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What is Miscellaneous Cash receipt?

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Miscellaneous Cash receipts are used for receiving all cash inflows with no Invoice involved. The cash received are debited into Bank accounts and credits the account picked by the user. Miscellaneous Cash receipts are performed for transactions such as: Fund Transfer (Bank to cash book), Scrap sales, Fixed asset sales, Returns of advances, Bank Interest etc.