{"id":1005,"date":"2023-09-27T11:10:48","date_gmt":"2023-09-27T11:10:48","guid":{"rendered":"http:\/\/localhost\/ecole9ja\/?p=1005"},"modified":"2023-09-27T11:12:59","modified_gmt":"2023-09-27T11:12:59","slug":"week-7-jss-2-second-term-business-studies-lesson-notes","status":"publish","type":"post","link":"https:\/\/ecolebooks.com\/nigeria\/posts\/week-7-jss-2-second-term-business-studies-lesson-notes\/","title":{"rendered":"Week 7 &#8211; Jss 2 Second Term Business Studies Lesson Notes"},"content":{"rendered":"<p>WEEK SEVEN<br \/>\n<strong>TOPIC: DOUBLE COLUMN CASH BOOK<br \/>\n<\/strong>This is a cash book that takes care of both cash and bank. It is called double column cash book because it has cash and book column on both debit and credit side.<br \/>\nThe cash column is used for recording cash and cheque received while the credit side is used for recording all payments made by cheque and cash received and paid into the bank.<br \/>\nThe debit side is for receipt of cash and cheque and credit side for payment.<br \/>\nDouble \/ Two Column Cash Book<br \/>\nDate \u00a0\u00a0\u00a0\u00a0Particulars\u00a0\u00a0\u00a0\u00a0F\u00a0\u00a0\u00a0\u00a0Cash \u00a0\u00a0\u00a0\u00a0Bank\u00a0\u00a0\u00a0\u00a0Date \u00a0\u00a0\u00a0\u00a0Particulars\u00a0\u00a0\u00a0\u00a0F\u00a0\u00a0\u00a0\u00a0Cash\u00a0\u00a0\u00a0\u00a0Bank\u00a0\u00a0\u00a0\u00a0<\/p>\n<p>\u00a0Contra Entry: Is the recording of single entry in both debit and credit sides of the same cash book.<br \/>\nExample:<br \/>\nMr. More Blessing started a business with #5000 cash and #7,000 bank on June 2014.<br \/>\nJune 3 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Purchase goods by cash \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02,500<br \/>\nJune 5\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0With draw cash from bank\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01000<br \/>\nJune 6 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Cash sales \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01800<br \/>\nJune 10\u00a0\u00a0\u00a0\u00a0Receive cash from Ngozi\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01200<br \/>\nJune 15\u00a0\u00a0\u00a0\u00a0Cash sales \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01000<br \/>\nJune 20 \u00a0\u00a0\u00a0\u00a0Paid insurance by cash \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0500<br \/>\nJune 25\u00a0\u00a0\u00a0\u00a0Paid wages by cheque\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01000<\/p>\n<p>\u00a0Dr\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Double Column Cash Book\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Cr<br \/>\nDate\u00a0\u00a0\u00a0\u00a0Particulars\u00a0\u00a0\u00a0\u00a0F\u00a0\u00a0\u00a0\u00a0Cash \u00a0\u00a0\u00a0\u00a0Bank\u00a0\u00a0\u00a0\u00a0Date\u00a0\u00a0\u00a0\u00a0Particulars\u00a0\u00a0\u00a0\u00a0F\u00a0\u00a0\u00a0\u00a0Cash \u00a0\u00a0\u00a0\u00a0Bank<br \/>\n<strong>Assignment<br \/>\n<\/strong>Enter the following transactions into the cash book of which Oluwaseyi Nig. Ltd as at 1<sup>st<\/sup> of May, 2014.<br \/>\nMay 1\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Cash in hand \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a07,000<br \/>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Cash in Bank\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a010,000<br \/>\nMay 4\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Cash sales \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02,000<br \/>\nMay 6\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Bought goods for sale \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a03,000<br \/>\nMay 8\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Received cheque from papa\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,500<br \/>\nMay 12\u00a0\u00a0\u00a0\u00a0Cash sales \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02,000<br \/>\nMay 15\u00a0\u00a0\u00a0\u00a0Bought furniture by cheques\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a012,000<br \/>\nMay 20\u00a0\u00a0\u00a0\u00a0Paid rent by cheque\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0800<br \/>\nMay 25\u00a0\u00a0\u00a0\u00a0Paid wages by cash \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0700<br \/>\nMay 27\u00a0\u00a0\u00a0\u00a0Cash paid into bank\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01000<\/p>\n","protected":false},"excerpt":{"rendered":"<p>WEEK SEVEN TOPIC: DOUBLE COLUMN CASH BOOK This is a cash book that takes care&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,103],"tags":[],"class_list":["post-1005","post","type-post","status-publish","format-standard","hentry","category-posts","category-second-term-jss-2-business-studies"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/posts\/1005","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/comments?post=1005"}],"version-history":[{"count":1,"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/posts\/1005\/revisions"}],"predecessor-version":[{"id":1006,"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/posts\/1005\/revisions\/1006"}],"wp:attachment":[{"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/media?parent=1005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/categories?post=1005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/tags?post=1005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}