Exam word list: write the names, numbers or things asked for one below the other, each on a new line 1 2 • • In Grade 8 you will use cash receipts and cash payments to record transactions. Cash receipts: money received from outside the business, for example the rental y received from your tenant - duplicate receipt capital contribution by owner - duplicate receipt you money received from rendering (providing) a service-cash register duplicate receipt/cash invoice deposits into the bank account - duplicate deposit slip transfers directly into the bank account of the business - bank statement. Cash payments: transfers directly from the bank account of the business-EFT notification and bank statement. Activity 1 Answer questions on transactions and source docum What information is necessary when recording a transaction in the books of a business? List in each of the following transactions which source document Abby Electricians will use to record the transactions in his books Transaction R Abby deposited R200 000 as capital contribution into the business bank account Bought a building for R120 000 to do business from Bought equipment for rendering a service Received R12 300 from clients for rendering a service Paid weekly wages to his employees, R4 200 R Abby rented part of his building to his sister to start a hairdressing business. Received R3 500 for rental Deposited cash of R23 400 into the current bank account The bank levied R240 bank charges A stop order for insurance for R480 The owner took R2 800 for personal use Source docu Cash Receipts All cash that is r Journal. This ind debit card paym Cash Payme All amounts p Payments Jou are made by register. General Imagine a b bookkeeper there will b accurate re all these t and liabili For exa summar for the Every journal type of the cre Gen each The R900 1 Total: 15m Subsidiary journals Source documents are recorded in different journals known as subsid journals. All cash received is recorded in the Cash Receipts Journal (C and all cash paid is recorded in the Cash Payments Journal (CPJ). Just the captain of a ship keeps a logbook, so in Accounting the bookkeepe keeps a record of the business's transactions in these two journals. In Grade 8 we are only going to look at cash transactions. The two subsidiary journals we are going to use are the Cash Receipts Journal and Cash Payments Journal (CPJ). 64 Term 2 Financial literacy, entrepreneurship and the economy

Exam word list: write the names, numbers or things asked for one below the other, each on a new line 1 2 • • In Grade 8 you will use cash receipts and cash payments to record transactions. Cash receipts: money received from outside the business, for example the rental y received from your tenant - duplicate receipt capital contribution by owner - duplicate receipt you money received from rendering (providing) a service-cash register duplicate receipt/cash invoice deposits into the bank account - duplicate deposit slip transfers directly into the bank account of the business - bank statement. Cash payments: transfers directly from the bank account of the business-EFT notification and bank statement. Activity 1 Answer questions on transactions and source docum What information is necessary when recording a transaction in the books of a business? List in each of the following transactions which source document Abby Electricians will use to record the transactions in his books Transaction R Abby deposited R200 000 as capital contribution into the business bank account Bought a building for R120 000 to do business from Bought equipment for rendering a service Received R12 300 from clients for rendering a service Paid weekly wages to his employees, R4 200 R Abby rented part of his building to his sister to start a hairdressing business. Received R3 500 for rental Deposited cash of R23 400 into the current bank account The bank levied R240 bank charges A stop order for insurance for R480 The owner took R2 800 for personal use Source docu Cash Receipts All cash that is r Journal. This ind debit card paym Cash Payme All amounts p Payments Jou are made by register. General Imagine a b bookkeeper there will b accurate re all these t and liabili For exa summar for the Every journal type of the cre Gen each The R900 1 Total: 15m Subsidiary journals Source documents are recorded in different journals known as subsid journals. All cash received is recorded in the Cash Receipts Journal (C and all cash paid is recorded in the Cash Payments Journal (CPJ). Just the captain of a ship keeps a logbook, so in Accounting the bookkeepe keeps a record of the business's transactions in these two journals. In Grade 8 we are only going to look at cash transactions. The two subsidiary journals we are going to use are the Cash Receipts Journal and Cash Payments Journal (CPJ). 64 Term 2 Financial literacy, entrepreneurship and the economy

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter10: Accounting For Sales And Cash Receipts

Section10.3: Accounting For Cash And Credit Card Sales

Problem 1WT

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