From the following particulars taken from the Cash Book of a health club, prepare a Receipts and Payments Account. Particulars Opening balance: Cash in Hand 5,000 Cash at Bank 25,000 Subscriptions 1,65,000 Donations 35,000  Purchased 80,000 Rent Paid 20,000 General Expenses 21,500 Postage and stationery 2,000 Courier charges 1,000 Sundry Expenses 2,500 Newspaper and magazine 12,000

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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.