A department receipt transaction is a transfer of funds through the cashiering office to a department’s general ledger account.
Institutions often have offices or departments (such as the housing office, the bookstore, or the athletics office) that take in money on an irregular basis or only at certain times of the year. These departments often deposit their funds through the cashiering office to record their accounting information in the institution’s general ledger.
In this topic, you will generate a department receipt for a university's main cashiering office.
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