Hi all,
Just a quick question. I have been helping out in a small office & the owner refuses to bank the full amount of money received if it has pence i.e 250.60, he'll bank the £250 & either keep the 60p or chuck it in a drawer in the office. I have been clearing the customer account fully, posting to the bank account the amount actually banked i.e £250.00 & posting the pence i.e 60p to drawings is this correct? I wouldnt have bothered too much but it happens everytime he goes to the bank & could end up being a fair amount within a year.
Many thanks
Tania
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