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Zorluk: KolayCash and Bank Summary Analysis for Missing Cash Receipts and Payments

A sole trader operating an incomplete accounting record system provided the following summary of cash transactions for the year ended 31 December 2025:

- Opening cash balance: N1,500\text{N}1,500
- Cash received from trade debtors: N12,000\text{N}12,000
- Cash paid to trade creditors: N6,500\text{N}6,500
- Business expenses paid in cash: N2,200\text{N}2,200
- Closing cash balance: N1,800\text{N}1,800

Assuming there were no other cash transactions except cash drawings by the proprietor, what was the total amount of cash drawn by the proprietor during the year?

  1. A
    N1,500\text{N}1,500
  2. N3,000\text{N}3,000Cevap
  3. C
    N4,800\text{N}4,800
  4. D
    N6,600\text{N}6,600

Cevap

N3,000\text{N}3,000
In cash summary analysis under incomplete records, total cash accounted for on the debit side (Opening Cash N1,500\text{N}1,500 + Receipts N12,000=N13,500\text{N}12,000 = \text{N}13,500) must equal total cash accounted for on the credit side. The known credit items are payments to creditors (N6,500\text{N}6,500), expenses (N2,200\text{N}2,200), and closing cash (N1,800\text{N}1,800), which sum up to N10,500\text{N}10,500. The balancing figure of N3,000\text{N}3,000 represents proprietor's cash drawings.

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1
Calculate total cash available (Debit side of Cash Summary)
Opening Cash Balance+Cash Receipts=N1,500+N12,000=N13,500\text{Opening Cash Balance} + \text{Cash Receipts} = \text{N}1,500 + \text{N}12,000 = \text{N}13,500
The debit side records opening balance plus all cash received during the financial period.
2
Calculate total known cash payments and closing balance (Credit side without drawings)
Payments to Creditors+Expenses Paid+Closing Cash=N6,500+N2,200+N1,800=N10,500\text{Payments to Creditors} + \text{Expenses Paid} + \text{Closing Cash} = \text{N}6,500 + \text{N}2,200 + \text{N}1,800 = \text{N}10,500
All cash disbursements and the remaining closing cash balance are recorded on the credit side.
3
Determine missing proprietor cash drawings as the balancing figure
Cash Drawings=Total Debit−Known Credit=N13,500−N10,500=N3,000\text{Cash Drawings} = \text{Total Debit} - \text{Known Credit} = \text{N}13,500 - \text{N}10,500 = \text{N}3,000
The difference between total cash receipts and total accounted payments/closing balance represents unaccounted cash withdrawn for personal use.

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