Preparation of Double Column Cash Book - SS1 Accounting Lesson Note
The following cash transactions relate to Lionheart Ventures for the month of August 2022.
August 1: balance cash in hand 4600
August 1: bank balance 25200
August 2: cash sales 5800
August 5: received cheque from Musa ventures 3000
August 6: cash purchases 6250
August 12: rent paid by cash 4200
August 16: Cheque purchases 9500
August 19: paid wages to cashier 5700
August 24: cash paid to the bank 7000
August 25: paid transport expenses 3000
August 29: cash sales paid directly to the bank 5000
August 30: withdrawn cash from the bank 23500
August 30: paid wages in cash 6000
Answer:
Lionheart Ventures Two-Column Cash Book
For the month of August 2022
|
Debit (Dr) |
Credit (Cr) |
||||||||
|
Date |
Particulars |
Folio |
Cash |
Bank |
Date |
Particulars |
Folio |
Cash |
Bank |
|
August 1 August 2 August 5 August 19 August 24 August 25 August 29 August 30 |
Balance Sales Musa v. Wages Cash Transport Sales Bank |
b/d C C |
4600 5800 5700 3000 23500 |
25200 3000 7000 |
August 6 August 12 August 16 August 24 August 30 August 30 |
Purchases Rent Cheque Bank Cash Wages |
C C |
6250 4200 7000 6000 |
9500 23500 |
|
August 31 |
Balance |
c/d |
13150 |
2200 |
|||||
|
42600 |
35200 |
42600 |
35200 |
||||||
|
September 1 |
Balance |
b/d |
13150 |
2200 |