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Zorluk: OrtaSingle-Column and Two-Column Cash Books

Ade Enterprises records its cash and bank transactions in a two-column cash book. On 1 June 2025, the opening cash balance was ₦45,000 and the bank balance was ₦120,000. During the month, the following transactions took place:
- Cash sales: ₦30,000
- Paid a supplier by cheque: ₦50,000
- Withdrew cash from the bank for office use: ₦15,000
- Paid office rent in cash: ₦10,000

What is the closing cash balance at the end of June 2025?

  1. A
    ₦50,000
  2. B
    ₦65,000
  3. ₦80,000Cevap
  4. D
    ₦30,000

Cevap

₦80,000
The closing cash balance is ₦80,000. It is calculated by adding cash receipts (cash sales of ₦30,000 and cash withdrawn from bank of ₦15,000) to the opening cash balance (₦45,000), giving total cash available of ₦90,000, and deducting cash payments (office rent of ₦10,000). Payments by cheque affect the bank column only.

Adım Adım Çözüm

1
Identify all transactions affecting the Cash column of the Two-Column Cash Book.
Opening cash balance = ₦45,000 (Debit); Cash sales = ₦30,000 (Debit); Cash drawn from bank for office use = ₦15,000 (Debit - Contra entry); Rent paid in cash = ₦10,000 (Credit). The cheque payment of ₦50,000 affects the Bank column only.
Only transactions involving physical cash receipts and cash payments are recorded in the cash column.
2
Calculate total debit entries (total cash receipts) for the month.
Total Cash Receipts = ₦45,000 + ₦30,000 + ₦15,000 = ₦90,000.
Cash sales and cash withdrawn from bank increase available cash in hand.
3
Calculate total credit entries (total cash payments) and compute the closing balance.
Closing Cash Balance = ₦90,000 - ₦10,000 = ₦80,000.
Deducting cash payments from total cash receipts gives the balance carried down at the end of the period.

Anahtar Kavram

Two-Column Cash Book Posting and Contra Entries
Tahmini Süre:1m 30s
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Konular

Single-Column and Two-Column Cash Books

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