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August 30: withdrawn cash from the bank 23500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