As such it is an isomer of propanol, and goes by the name isopropyl alcohol. Most so-called “rubbing alcohol” for antiseptic use contains isopropyl alcohol. According to the World Health Organization (WHO), ethyl is generally considered superior to isopropyl alcohol, but both types of al […]

For other types of businesses, it usually occurs when the cash on hand, left after petty cash expenses, is less than the total amount in petty cash expenses receipts. In this case one balance sheet asset (cash), has been increased by 1,488 when the cash is banked. Notice that the appropriate expense […]