{"id":2288,"date":"2023-10-02T11:57:55","date_gmt":"2023-10-02T11:57:55","guid":{"rendered":"http:\/\/localhost\/ecole9ja\/?p=2288"},"modified":"2023-10-02T11:59:20","modified_gmt":"2023-10-02T11:59:20","slug":"week-2-ss1-second-term-book-keeping-notes","status":"publish","type":"post","link":"https:\/\/ecolebooks.com\/nigeria\/posts\/week-2-ss1-second-term-book-keeping-notes\/","title":{"rendered":"Week 2 &#8211; SS1 Second Term Book Keeping Notes"},"content":{"rendered":"<p>\u00a0<strong>WEEK TWO<br \/>\n<\/strong><strong>DOUBLE COLUMN CASH BOOK<br \/>\n<\/strong><strong>Meaning: <\/strong>The two column Cash book so-called because for both debit and credit entries, it has two columns, one for recording cash transactions and the other for bank transactions. It is therefore used for recording mixed cash and bank transaction.<br \/>\n<strong>Accounting Entries<br \/>\n<\/strong>All payments in cash are recorded by crediting the cash column of the cash book. If the payment is by cheque the bank column is credited.<br \/>\nWhen cash is withdrawn from the bank (e.g for paying wages and sundry expenses), the cash column is debited and the bank column is credited with the amount involved.<br \/>\nExample:<br \/>\nRecord the following transactions in a two column cash book. Balance the cash book and bring down the balances of cash in hand and cash at bank at the end of the period.<br \/>\n19&#215;9<br \/>\nApril 2: Introduced N2,900 cash into the business as capital<br \/>\nApril 4: Paid N1,850 of the capital into bank<br \/>\nApril 10: Cash purchases N300<br \/>\nApril 15: Cash sales N450<br \/>\nApril 20: Purchases by cheque N700<br \/>\nApril 25: Cash sales N650<br \/>\nApril 28: Office expenses paid for in cash N30<br \/>\nApril 29: Cash paid into bank N1,000<br \/>\nApril 30: Wages paid by cheque N75.<\/p>\n<p>\u00a0<br \/>\n\u00a0<br \/>\n\t\t\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0WEEK TWO DOUBLE COLUMN CASH BOOK Meaning: The two column Cash book so-called because for&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,195],"tags":[],"class_list":["post-2288","post","type-post","status-publish","format-standard","hentry","category-posts","category-second-term-ss1-book-keeping"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/posts\/2288","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=2288"}],"version-history":[{"count":1,"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/posts\/2288\/revisions"}],"predecessor-version":[{"id":2289,"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/posts\/2288\/revisions\/2289"}],"wp:attachment":[{"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/media?parent=2288"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/categories?post=2288"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/tags?post=2288"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}