Simple Cash Book Questions And Answers

She pays wages each week in cash.

Simple cash book questions and answers. How to fix the problem depends on whether you are using book keeping software or keeping a manual cash book. If you have already found the problem you can skip this part. At the end of the month both the debit and the credit side of the cash book are totaled.

In the debit side of the cash book the cash receipts are recorded in the cash column while all deposits into bank account are recorded in the bank column. These transactions have not been recorded in cash book. Christina ogochukwu on january 25 2020 at 2 14 pm.

It records all transactions related to receipts and payments of cash and deposits in and withdrawals from a bank in a chronological order. Enter the following transactions in a single column cash book of mr. At the end of the period both the sides are balanced.

Paid to naima kayani rs. On 1 september 2010 sohara. 70 000 and land rs.

It is very identical to a traditional cash account in which all cash receipts are recorded on left hand debit side and all cash payments are recorded on right hand credit side in a chronological order. Balancing of a simple cash book. Purchased merchandising for cash rs.

Bank collected dividend on behalf of the fadi not recorded in cash book. Two column cash book. Sohara puts her cash receipts in a till and enters them into her three column cash book each week.