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SS1: FINANCIAL ACCOUNTING - 1ST TERM

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  1. Introduction to Booking Keeping and Accounting | Week 1
    11 Topics
    |
    1 Quiz
  2. Introduction to Books of Account | Week 2
    6 Topics
    |
    1 Quiz
  3. Subsidiary Books of Account I | Week 3
    4 Topics
    |
    1 Quiz
  4. Subsidiary Books of Account II | Week 4
    4 Topics
    |
    1 Quiz
  5. Principles of Double Entry Book Keeping | Week 5
    1 Topic
    |
    1 Quiz
  6. Cash Book | Week 6
    6 Topics
    |
    1 Quiz
  7. Petty Cash Book | Week 7
    1 Topic
    |
    1 Quiz
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Topic Content:

  • Meaning of Single Column Cash Book
  • Format of Single Column Cash Book
  • Illustrations

A single column cash book is a book of original entry which is used to record all cash received and paid. It is usually a cash column or sometimes a bank column only.

Cash Account: This is the account which is used for recording money received and paid with cash only. The balance is referred to as “Cash in hand”. 

All cash received must be debited while cash paid will be credited to the cash account.

Bank Account: The bank account is a record of money deposited into the bank and money withdrawn from the bank. All cheques received must be debited while cheques issued out must be credited.

formal single column cash book

Illustration 6.2.1:

Enter the following transaction in the cash account of Olaide.

 

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