Date 2022 Jun 01 S Ash deposited capital into the business bank account 05 The business obtained a loan from LTC Bank 07 Acquired a vehicle and settled the purchase price by cheque 08 Bought cleaning material from AD Suppliers on credit 10 Invoiced Dekker Hotel for cleaning services rendered 12 Received a cheque from Dekker Hotel and deposited it in the bank account Paid Salaries by cheque Transactions 14 16 An advert was published in the daily news. This is payable in 30 days 25 S Ash transferred his personal equipment into the business 30 Stationery on hand Required: Analyse the above transactions in tabular form as follows: A/C.DEBIT A/C.CREDIT A = E+ Amount R 80 000 15 000 25 000 500 1 000 500 1 500 250 10 000 1 000 L

Date 2022 Jun 01 S Ash deposited capital into the business bank account 05 The business obtained a loan from LTC Bank 07 Acquired a vehicle and settled the purchase price by cheque 08 Bought cleaning material from AD Suppliers on credit 10 Invoiced Dekker Hotel for cleaning services rendered 12 Received a cheque from Dekker Hotel and deposited it in the bank account Paid Salaries by cheque Transactions 14 16 An advert was published in the daily news. This is payable in 30 days 25 S Ash transferred his personal equipment into the business 30 Stationery on hand Required: Analyse the above transactions in tabular form as follows: A/C.DEBIT A/C.CREDIT A = E+ Amount R 80 000 15 000 25 000 500 1 000 500 1 500 250 10 000 1 000 L

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Cash Book

So, before coming to the topic of cash books, I will let you briefly explain about the cash so that you all can be familiar with the word cash. Cash comes under the category of the current asset which is used as a medium of exchange for all the financial transactions in the firm. Cash is something that is universally accepted as a mode of payment. So, now comes to the topic i.e., cash book.

Question

The transactions below relate to S ASH for the month ended 30 June 2022.

Date
2022
Jun 01
S Ash deposited capital into the business bank account
05
The business obtained a loan from LTC Bank
07 Acquired a vehicle and settled the purchase price by cheque
08
Bought cleaning material from AD Suppliers on credit
10 Invoiced Dekker Hotel for cleaning services rendered
12
Received a cheque from Dekker Hotel and deposited it in the
bank account
Paid Salaries by cheque
Transactions
14
16 An advert was published in the daily news. This is payable in 30
days
25
S Ash transferred his personal equipment into the business
30 Stationery on hand
Required:
Analyse the above transactions in tabular form as follows:
A/C.DEBIT
A/C.CREDIT
A =
E +
Amount
R
80 000
15 000
25 000
500
1 000
500
1 500
250
10 000
1 000
L

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