Match each transaction described on the left with its correct accounting treatment in a single-column or two-column cash book on the right.
- Direct payment of monthly office utility bill by standing order through the bankEntered on the credit side of the Bank column
- Cash received from cash sales deposited directly into the bank account on the same dayEntered on the debit side of the Bank column
- Capital contribution of cash brought into the business till by the proprietorEntered on the debit side of the Cash column
- Purchase of office machinery on credit terms from a supplierOmitted from the Cash Book and recorded in the General Journal
Cevap
Direct payment of monthly office utility bill by standing order matches 'Entered on the credit side of the Bank column'; Cash received from cash sales deposited directly into the bank account matches 'Entered on the debit side of the Bank column'; Capital contribution of cash brought into the business till matches 'Entered on the debit side of the Cash column'; Purchase of office machinery on credit terms matches 'Omitted from the Cash Book and recorded in the General Journal'.
Each transaction is matched based on the double-entry rule for cash books. Money leaving the bank (standing order) is credited to the Bank column. Money entering the bank directly (sales banked immediately) is debited to the Bank column. Money entering the cash till (capital introduced) is debited to the Cash column. Non-cash transactions (credit purchases) are excluded from cash books altogether.
Adım Adım Çözüm
Anahtar Kavram
Recording Rules and Scope of Single-Column and Two-Column Cash Books