Cash Receipts Journal

 

Cash Receipts Journal 

  • Bank DR

  • Everything else CR (except for Cost of Sales and Discount Allowed which are expenses) 

  • Source documents : CRR, EFT

  • Analysis of receipts is only for cash receipts- not EFTs 

  • For transactions occurring on the same day, the total of all the transactions is put into bank as one deposit in the last row of that day. 

  • Sales = Cost Price x 100+mark-up/100

Cost Price = 100% 

Sales = 100% + Mark Up% 

Accounting Grade 10 (2015)

Accounting Grade 10 (2015)

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References

  • Anon., 2007. The Answer series: Grade 11 Accounting. 2007 ed. Cape Town: The Answer.

  • Anon., 2019. Investopedia. [Online]. Available at: https://www.investopedia.com/ [Accessed 3 October 2019].

  • Doctor, K., 2015. FLIPHTML5. [Online]. Available at: http://fliphtml5.com/fkul/mgtf/basic [Accessed 1 October 2019].

  • T Hall, D. W. P. S. A. A. P. G. P. F., 2017. Accounting Study Guide. 2016 ed. Musgrave: New Generation Publishers .

Neha Pillay (2019)