Cash and Bank Account

Example Cash and Bank Account:

Transactions
  • Jan 1 - Balance at Bank £4,000 (Balance b/d on Debit side of Cash at Bank)
  • Jan 1 - Balance of Cash £200 (Balance b/d on Debit side of Cash at Hand)
  • Jan 2 - Bought a Motor Vehicle by Cheque £2,000
    1. Decrease Asset - Credit Cash at Bank
    2. Increase Asset - Debit Motor Vehicle
  • Jan 4 - Paid for Stationary by Cash £15
    1. Decrease Asset - Credit Cash at Hand
    2. Increase Expense - Debit Stationary
  • Jan 10 - Received Commission by cheque £1,400
    1. Increase Asset - Debit Cash at Bank
    2. Increase Income - Credit Commission Received
  • Jan 15 - Paid Smith by Cash £50
    1. Decrease Asset - Credit Cash at Hand
    2. Decrease Liability - Debit Smith
  • Jan 18 - Received a Loan by cheque £3,200
    1. Increase Asset - Debit Cash at Bank
    2. Increase Liability - Credit Loan
  • Jan 21 - Paid Electricity by cheque £366
    1. Decrease Asset - Credit Cash at Bank
    2. Increase Expense - Debit Electricity
  • Jan 25 - Cash Sales £560
    1. Increase Asset - Debit Cash at Hand
    2. Increase Income - Credit Sales