Teacher Resource Submission Form

topic~intro

Book Keeping

name:
Show the double entry for each of the following:

Jan 1, cash sales, £5,000.

Cash Account
		£			£
Jan 1	Sales	5,000


		£			£

Jan 2, Cash purchases, £2,000.

Purchases Account
		£			£
Jan 2	Cash	2,000


		£			£

Jan 3, cash sales, £4,000.


		£			£



		£			£

Jan 4, Purchased goods on credit from Smith, £7,000.


		£			£



		£			£

Jan 5, Purchased machinery and paid by cheque, £4,500.


		£			£



		£			£

solution

Show the double entry for each of the following:

Jan 1, cash sales, £5,000.

Cash Account
		£			£
Jan 1	Sales	5,000

Sales Account
		£			£
			Jan 1	Cash	5,000

Jan 2, Cash purchases, £2,000.

Purchases Account
		£			£
Jan 2	Cash	2,000

Cash Account
		£			£
			Jan 2	Purchases	2,000

Jan 3, cash sales, £4,000.

Cash Account
		£			£
Jan 3	Sales	4,000

Sales Account
		£			£
			Jan 3	Cash	4,000

Jan 4, Purchased goods on credit from Smith, £7,000.

Purchases Account
		£			£
Jan 4	Smith	7,000

Smith Account
		£			£
			Jan 4	Purchases	7,000

Jan 5, Purchased machinery and paid by cheque, £4,500.

Machinery Account
		£			£
Jan 5	Bank	4,500

Bank Account
		£			£
			Jan 5	Machinery	4,500