Write up the Fasihatul Enterprise two-column cashbook for the following details and balance it off at the end of the month. CashDate (2020)DetailsRMDateDetailsRMJul-01Capital30000Jul-02Bank2500011Sales1507Purchases40029Sales30015Plus SdnBhd600 21Carriage outwards160 30Salary expenses850 31Balance c/d3440 30450 30450Aug-01Balance b/d3440 BankDate (2020)DetailsRMDateDetailsRMJul-02Cash25000Jul-05Equipment300023Sales18019Rent expense450 27Electricity expense45 31Balance c/d21685 25180 25180 Aug-01Balance b/d21685 Prepare two column cash book. Close the account.

Name: Write up the Fasihatul Enterprise two-column cashbook for the followin
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Description: Write up the Fasihatul Enterprise two-column cashbook for the following details and balance it off at the end of the month. CashDate (2020)DetailsRMDateDetailsRMJul-01Capital30000Jul-02Bank2500011Sales1507Purchases40029Sales30015Plus SdnBhd600 21Ca

Two column cash book also known as double column cash book consists of two columns of amount on each…

Answered: Write up the Fasihatul Enterprise…

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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Write up the Fasihatul Enterprise two-column cashbook for the following details and balance it off at the end of the month.

Cash
Date (2020)	Details	RM	Date	Details	RM
Jul-01	Capital	30000	Jul-02	Bank	25000
11	Sales	150	7	Purchases	400
29	Sales	300	15	Plus SdnBhd	600
			21	Carriage outwards	160
			30	Salary expenses	850
			31	Balance c/d	3440
		30450			30450
Aug-01	Balance b/d	3440

Bank
Date (2020)	Details	RM	Date	Details	RM
Jul-02	Cash	25000	Jul-05	Equipment	3000
23	Sales	180	19	Rent expense	450
			27	Electricity expense	45
			31	Balance c/d	21685
		25180			25180
Aug-01	Balance b/d	21685

Prepare two column cash book.

Close the account.

Definition Definition Financial journal in which only cash-related transactions are recorded. Cash transactions are posted chronologically in the cash book, which is also called a subsidiary book. All the cash receipts are recorded on the debit side and all the cash payments are recorded on the credit side. An important point to remember is that the cash book never shows a credit balance; only a debit balance is shown in the cash book.

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