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Class Exercise Two Column Cash Book

The document outlines a cash book exercise for a second-hand bookshop for November 2017, detailing various transactions including cash sales, cheque payments, and bank deposits. It starts with a balance of £295 in cash and £4,240 in the bank, and includes entries for sales, expenses, and loans. The exercise aims to help students practice bookkeeping by recording these financial activities in a two-column format.

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nwilmot10
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420 views1 page

Class Exercise Two Column Cash Book

The document outlines a cash book exercise for a second-hand bookshop for November 2017, detailing various transactions including cash sales, cheque payments, and bank deposits. It starts with a balance of £295 in cash and £4,240 in the bank, and includes entries for sales, expenses, and loans. The exercise aims to help students practice bookkeeping by recording these financial activities in a two-column format.

Uploaded by

nwilmot10
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Class exercise 10/10/2024 – for today

Write up a two-column cash book for a second-hand bookshop from the following:
2017
Nov 1 Balance brought forward from last month: Cash £295; Bank £4,240.
2 Cash sales £310.
3 Took £200 out of the cash till and paid it into the bank.
4 F. Bell paid us by cheque £194.
5 We paid for postage stamps in cash £80.
6 Bought office equipment by cheque £310.
7 We paid L. Root by cheque £94.
9 Received business rates refund by cheque £115.
11 Withdrew £150 from the bank for business use.
12 Paid wages in cash £400.
13 Cash sales £430.
14 Paid motor expenses by cheque £81.
16 J. Bull lent us £1,500 in cash.
20 K. Brown paid us by cheque £174.
28 We paid general expenses in cash £35.
30 Paid insurance by cheque £320.

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